African central banks expect CBDC to boost policy transmission
BIS survey finds greater focus on transmission and financial inclusion among African institutions
Central banks in Africa are more focused on the potential benefits of central bank digital currency (CBDC) for monetary transmission than their peers on other continents, a new survey finds.
Almost all of the 19 African central banks that responded to the Bank for International Settlements’ survey said they expected CBDC to boost policy transmission. Around 20% expected a “significant” impact.
The BIS said this was “much more” than respondents among emerging market economies (EMEs) more
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