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Central bank digital currency would be a historic innovation, says BoE's Bailey

Fri, 11th Jun 2021 09:53

LONDON, June 11 (Reuters) - If central banks launch digital
versions of their currencies it would be one of the biggest
innovations in central bank history, Bank of England Governor
Andrew Bailey said on Friday.

"I am very encouraged by progress on that front, I am very
encouraged by that fact that we are getting to grips with what
is a critical innovation," Bailey said at the launch of a joint
innovation hub with the Bank for International Settlements.

"If this comes to pass, it will be one of the most
fundamental innovations in the history of central banking. It
will move us into a new era," Bailey said.
(Reporting by David Millken and Huw Jones)

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