CBDC (Central Bank Digital Currencies)

Sunak’s Spring Statement neglects those most hurt by inflation, Central bankers will become heroes by retreating from inflation fray, and more

THE WEEKEND REVIEW 

Latest opinion and analysis from OMFIF around the world

21-25 March 2022, Vol.13 Ed.12

Most-read Commentary

Sunak’s Spring Statement neglects those most hurt by inflation: Covid-19 and now the Ukraine war have materially reduced Britain’s real national income and we are all worse off. Chancellor of the Exchequer Rishi Sunak claimed to address the cost-of-living crisis on 23 March in his Spring Statement. For impoverished households, entirely dependent on welfare benefits and...

https://allaboutshipping.co.uk/2022/03/26/sunaks-spring-statement-neglects-those-most-hurt-by-inflation-central-bankers-will-become-heroes-by-retreating-from-inflation-fray-and-more/

How the ECB can improve its communications, How high will the Fed have to go? and more

THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world

14-18 March 2022, Vol.13 Ed.11

Most-read Commentary

How the ECB can improve its communications: As the European Central Bank approaches its first significant monetary tightening since 2011, President Christine Lagarde faces a threat of cacophony among the voices making up the 25-member governing council. This endangers the cohesion and the credibility of the central bank as it confronts the economic and political...

https://allaboutshipping.co.uk/2022/03/19/how-the-ecb-can-improve-its-communications-how-high-will-the-fed-have-to-go-and-more/

CBDC will be China’s digital priority; wake-up call over income losses

CBDC will be China’s digital priority; wake-up call over income losses

Monday 7 February 2022 – Vol.13 Ed.6.1

Commentary: Marching forward with China’s state digital economy

By Herbert Poenisch in Beijing

China’s National Development and Reform Commission unveiled plans last month to expand the country’s digital economy. It added a target to China’s 14th Five Year Plan to increase the sector’s gross domestic product contribution to 10% by 2025, up from 7.8% in 2020. This might be surprising in view...

https://allaboutshipping.co.uk/2022/02/07/cbdc-will-be-chinas-digital-priority-wake-up-call-over-income-losses/

CBDC to make steady progress in 2022 as authorities tackle policy issues

CBDC to make steady progress in 2022 as authorities tackle policy issues

Monday 31 January 2022 – Vol.13 Ed.5.1

Commentary: Fed keeping strictly neutral on CBDC as others plough ahead

By Lewis McLellan in London

The US Federal Reserve published its discussion paper last week in which it laid out the conditions a digital dollar would have to satisfy. Elsewhere, the Monetary Authority of Singapore is redefining these conditions as technical features. Introducing CBDCs does pose new challenges and...

https://allaboutshipping.co.uk/2022/01/31/cbdc-to-make-steady-progress-in-2022-as-authorities-tackle-policy-issues/

Wind of change at ECB as Fed tightens, inflation stance shifts, European sovereigns expect to ride out inflation spike, and more

Wind of change at ECB as Fed tightens, inflation stance shifts, European sovereigns expect to ride out inflation spike, and more

THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world

24-28 January 2022, Vol.13 Ed.4

Most-Read Commentary

Wind of change at ECB as Fed tightens, inflation stance shifts: A wind of change is blowing at the ECB as the world braces for higher US interest rates. Six years of low inflation, followed by Covid-19, have allowed the ECB to maintain negative...

https://allaboutshipping.co.uk/2022/01/29/wind-of-change-at-ecb-as-fed-tightens-inflation-stance-shifts-european-sovereigns-expect-to-ride-out-inflation-spike-and-more/

UK in focus: parliament dismisses retail CBDC, inflation hits 30-year high

UK in focus: parliament dismisses retail CBDC, inflation hits 30-year high

Thursday 20 January 2022 – Vol.13 Ed.3.4

Commentary: UK parliament reluctant to embrace retail CBDC

By Philip Middleton in London

The influential House of Lords economic affairs committee of the UK parliament has shown itself reluctant to embrace the the digital payments revolution. In a direct snub to the Bank of England and its work on digital payments in recent years, the committee’s latest report, ‘Central bank digital...

https://allaboutshipping.co.uk/2022/01/20/uk-in-focus-parliament-dismisses-retail-cbdc-inflation-hits-30-year-high/

Future of digital money rests on offline payments and inclusion

Future of digital money rests on offline payments and inclusion

Thursday 13 January 2022 – Vol.13 Ed.2.4

Commentary: Kazakhstan unrest highlights importance of offline payment functionality

By Lewis McLellan in London

Civil unrest in Kazakhstan has led to internet blackouts throughout the country. Many Kazakh citizens rely on traditional digital payment methods like debit cards to buy food, but without internet connections, these are rendered useless. The crisis makes it clear that it will not be...

https://allaboutshipping.co.uk/2022/01/13/future-of-digital-money-rests-on-offline-payments-and-inclusion/

CBDC debate in Europe foundering on endemic complexity, ECB should follow Fed and tighten policy, and more

CBDC debate in Europe foundering on endemic complexity, ECB should follow Fed and tighten policy, and more

THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world6-10 December 2021, Vol.12 Ed.49

Most-Read Commentary

CBDC debate in Europe foundering on endemic complexity: 

European policy-makers have more clarity on the need for retail central bank digital currency than wholesale, but remain cautious about moving too quickly on either. Discussions on CBDC for consumers have...

https://allaboutshipping.co.uk/2021/12/11/cbdc-debate-in-europe-foundering-on-endemic-complexity-ecb-should-follow-fed-and-tighten-policy-and-more/

ECB should keep eyes on inflation prize, End of Libor could trigger supply chain shock, and more

ECB should keep eyes on inflation prize, End of Libor could trigger supply chain shock, and more

THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world

29 November-3 December 2021, Vol.12 Ed.48

Most-Read Commentary

ECB should keep eyes on inflation prize: Should central banks tighten early to combat inflation at the risk of triggering a serious slowdown, or risk higher inflation while propelling growth? This trade-off is easy to face for the European Central Bank. Excluding...

https://allaboutshipping.co.uk/2021/12/04/ecb-should-keep-eyes-on-inflation-prize-end-of-libor-could-trigger-supply-chain-shock-and-more/

Remembering Hilmar Kopper, German banker who exemplified the 1990s

Remembering Hilmar Kopper, German banker who exemplified the 1990s

Friday 19 November 2021 – Vol.12 Ed.46.5

Obituary: Hilmar Kopper, a giant of European banking

By John Orchard and Clive Horwood

Hilmar Kopper epitomised a bygone era of European banking. The former head of Deutsche Bank, who died last week at the age of 86, was a gentleman banker to his core. He ran Deutsche in the 1990s, when it was the bank that all others watched and many feared. He saw his own tenure not as a means of wealth...

https://allaboutshipping.co.uk/2021/11/19/remembering-hilmar-kopper-german-banker-who-exemplified-the-1990s/

+ More