We have published a short summary of responses we received to our discussion paper. We invited feedback and ideas from the public, technology providers, the payments industry, financial institutions, academics and other central banks and public authorities to 35 questions for further research ( see questions in Chapter 7).
This paper aimed to begin a dialogue on the appropriate design of CBDC and an evaluation of whether the benefits of CBDC outweigh the risks.
This could affect the amount of credit provided by banks to the wider economy, and in turn, how the Bank implements monetary policy and supports financial stability. If significant deposit balances moved from banks to CBDC, there could be implications for the balance sheets of both the Bank of England and commercial banks. By providing a building block for better cross-border payments in the futureĬBDC would also introduce challenges and risks that need to be carefully considered and managed. This may be especially important in the future as cash use declines and By providing safer and more trustworthy payment services than new forms of privately issued money-like instruments, such as stablecoins. By helping to meet future payments needs in the digital economy and enabling the private sector to create products that support greater choice for consumers, building on our ambitious renewal of the Real Time Gross Settlement (RTGS) service alongside private sector initiatives. By allowing households and businesses to make fast, efficient and reliable payments, and benefit from an innovative, competitive and inclusive payment system. By supporting a more resilient payments landscape. News and publications Open News and publications sub menu. Option-implied probability density functions Gross Domestic Product Real-Time Database The PRA’s statutory powers and enforcement 7 YEARS FROM NOW DISCUSSION CODE
Money Markets Committee and UK Money Markets Code Greening our Corporate Bond Purchase Scheme (CBPS) Operational resilience of the financial sector Wholesale cash distribution in the futureįinancial market infrastructure supervision
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