BOE’s Breeden Says Digital Pound Needed to Keep Grip on Money

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.”

Sarah Breeden

Photographer: Hollie Adams/Bloomberg

“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 …