BOE's Bailey: BOE has not made a decision on central bank digital currency

Remarks by BOE governor, Andrew Bailey

• Emerging propositions of CBDC have generated a host of issues
• BOE actively exploring opportunities and risks of CBDC
• Overall impact of digital money scenario on lending rates, credit provision is modest

Unless cryptocurrencies threaten to captivate the market as they did earlier in the year, central banks may feel little incentive to rush down this path for the time being.