BOE’s Breeden Says Digital Pound Needed to Keep Grip on Money
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Bank of England Deputy Governor <-bsp-person state=”{“_id”:”0000018e-be91-d32b-a5ff-bfb122620000″,”_type”:”00000160-6f41-dae1-adf0-6ff519590003″}”>Sarah Breeden-bsp-person> signaled growing support for a digital pound, saying the central bank needs to maintain its grip on money to stop the risk of a collapse in confidence.
Breeden — deputy governor for financial stability — said it is “crucial for us to be vigilant to preserve the share of central bank money settlement.”
“It’s the relevance of central bank money that underpins market confidence in the exchange rate between central bank money and commercial bank money,” she said Monday at a <-rte-company state=”{“_id”:”0000018e-be91-d32b-a5ff-bfb122650000″,”_type”:”00000160-4b23-d8bd-adfd-4b3348fd0000″}”>Swiss National Bank-rte-company> event. “If this confidence were to erode for …
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