Cunliffe spells out key questions to answer before launching CBDC

Jon Cunliffe
Jon Cunliffe
Bank of England

Central bank digital currency (CBDC) could imply a radical reshaping of the banking sector, so central banks must answer “fundamental questions” before launching one, Jon Cunliffe said on February 28.

The Bank of England deputy governor highlighted the possible downsides of CBDC, including the possibility of draining liquidity from the banking system. He warned that if CBDC was “too successful”, it could become a vulnerability for the financial sector, a “single point of failure”.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: