Carstens reveals details of ‘Rio’ high-speed data project
Agustín Carstens has revealed new details of a project designed to help central banks keep up with fast-paced markets.
The ‘Rio’ project is one of the projects under way in the Bank for International Settlements’ innovation hubs, the BIS general manager said in remarks at the Deutsche Bundesbank. The aim is to capture and process a huge stream of information, to help central bankers track conditions in volatile markets.
A prototype of the tool is set to be released next year. The system is
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