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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

PYMNTS

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

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Fed Exploring ‘Hypothetical’ Digital Currency

PYMNTS

Maybe – but first comes a focus on policy. Separately, a significant policy process would be required to consider the issuance of a CBDC, along with extensive deliberations and engagement with other parts of the federal government and a broad set of other stakeholders,” Brainard said in the speech. Digital dollars on the horizon?

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Subterranean Monetary Policy Blues

SWBC's LenderHub

I was struggling with narrowing down his vast collection, that is until I looked up at my Bloomberg and read this from Boston Federal Reserve President Eric Rosengren, “The combination of slow GDP growth and rapid decline in unemployment is one of the clear puzzles of the recovery.”

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The Fed drafts MIT to bring U.S. up to speed in the digital currency race

Payments Source

The global digital currency race has heightened the threat to traditional monetary policy and the dollar’s dominance, enough for the Federal Reserve of Boston to make a concerted effort to keep pace.

Boston 117
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Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars

PYMNTS

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Once that first layer is done the Fed will start to layer on different policy options, he said across two to three years.

Boston 269
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Bain Capital Nets $800M For Business Impact Funding

PYMNTS

Bain Capital has raised $800 million for a social impact fund — a category of investment vehicles whose stated objectives are to advance social or corporate governance policies in addition to turning profits, the Wall Street Journal reported. billion through Nov. 20 compared with $76.2 billion through the same date in 2019. (a)

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Central banks raising interest rates makes it harder to fight the climate crisis | Thomas Ferguson and Servaas Storm

TheGuardian

In response, central banks drastically tightened monetary policy – raising interest rates from near zero to around 5% or more. Higher rates slow the renewable energy transition and shield oil and gas producers from competition by low-carbon producers In late 2021, consumer price inflation surged in many countries.