Technology Technology

Rising cost of credit, interest rates in UK affect BOE model on digital pound impact, official says

By Phoebe Seers
  • 09 May 2023 16:57
  • 09 May 2023 16:57
Rising interest rates and the increasing cost of credit in the UK have changed the Bank of England’s view on the potential uptake of its digital pound and its implications on commercial bank lending.
The BOE's fintech director Tom Mutton said the impact of a central bank digital currency on

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Phoebe Seers


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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