As most central banks research introducing digital currencies, the world is embroiled in an inflationary storm not seen in 30 years. It is high time that central banks devote all their energies to fighting inflation, their raison d’être. Dabbling in digital technologies, given the lack of expertise in many central banks, should be put on the back burner.
MEETINGS The ECB and monetary policy developments Monday 13 June, Roundtable Oscar Arce, director general economics at the European Central Bank, discusses the macroeconomic outlook for Europe, conditions facing monetary policy, new inflation landscape and factors underpinning growth in the euro area.
ON DEMAND What is blockchain good for? David Chan, CEO and co-founder of eCora, joins Lewis McLellan, editor of OMFIF’s Digital Monetary Institute. They discuss the unique properties of modern blockchains and highlight the areas – like programmable digital currency for industry – where they are uniquely placed to deliver value.
Data: Towards a new age of economic enlightenment As regulators and policy-makers work to balance protection and innovation in their evolving frameworks, this landmark report explores the use of data and its potentially transformative impact on developments in the global economy, financial services, the business community and society as a whole.
