RBA’s Jones calls for more analysis on CBDC

Benefits need to be set against “careful consideration” of downsides, assistant governor says

Reserve Bank of Australia
Photo: Alex Towle

Brad Jones, assistant governor of the Reserve Bank of Australia, expressed optimism about the future of central bank digital currency (CBDC) in remarks on December 8, but also said many design choices need further analysis.

Jones walked through the RBA payment policy department’s digital currency thought process.

“Whatever the functional forms that central bank and private money end up taking in the years ahead, there are good reasons to think they will reflect most – if not all – of the

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