Bank of England Governor Andrew Bailey attends a Central Bank Symposium at the Grand Hotel in Stockholm, Sweden, on January 10, 2023. Photo: TT News Agency via Reuters
Bank of England Governor Andrew Bailey attends a Central Bank Symposium at the Grand Hotel in Stockholm, Sweden, on January 10, 2023. Photo: TT News Agency via Reuters

Bank of England sceptical of digital pound as euro zone backs work on digital euro

  • Bank of England Governor Andrew Bailey said a central bank digital currency should solve a clearly defined problem, noting the UK has wholesale settlements
  • Euro-zone finance ministers on Monday said they backed continued preparatory work for a potential digital euro, now being studied by the European Central Bank

Bank of England Governor Andrew Bailey attends a Central Bank Symposium at the Grand Hotel in Stockholm, Sweden, on January 10, 2023. Photo: TT News Agency via Reuters
Bank of England Governor Andrew Bailey attends a Central Bank Symposium at the Grand Hotel in Stockholm, Sweden, on January 10, 2023. Photo: TT News Agency via Reuters
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