Central Banking

Payment systems, monetary policy in Europe

The first of two articles published by the Financial Times on Friday 6 October looks at the issue of central bank "plumbing" which, it says, is creating a stink for the ECB. The second article concerns a letter sent by a group of monetarist economists to the Financial Times complaining of an excessive growth of money in the UK and eurozone that will require much higher interest rates.

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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