Quick Take The Reserve Bank of Australia’s (RBA) recent decision to increase their interest rate from 4.1% to 4.35% – the first rise since May 2023 – presents an intriguing trend in contrast to the anticipated actions of the Federal Reserve and...
The Reserve Bank of Australia (RBA) is actively considering the potential adoption of a central bank digital currency (CBDC) as a transformative step towards the future of money and financial transactions. Brad Jones, Assistant Governor (Financial...
On August 23, the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) unveiled their findings in a report detailing the implications of a central bank digital currency (CBDC). Notably, this investigation...
Kenya, which Prime Minister Kishida visited this month, is one of the major powers driving the economy of the African continent. Among the middle class and the wealthy class, there is a noticeable movement to exchange for such. Within the Kenyan...
The Reserve Bank of Australia (RBA) is looking to establish use cases for a central bank digital currency (CBDC) and determine the economic benefits it can have through a new research project over the coming months.
The post Australian central bank...
The Australian central bank has announced several projects that will develop use cases for its domestic CBDC. The central bank is expecting to complete its CBDC pilot, which kicked off last August, by mid-2023. The Reserve Bank of Australia (RBA)...
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