Global Central Bank Policy Rates
From – 0.75% (Switzerland) to almost Zero in most of Europe to around 4% in India, Central Banks in most economies remain accommodative. Although inflation mostly remains benign, some high inflation economies like Argentina (38%) and Venezuela (39%), have their plates overflowing with challenges. While the GDP projections are encouraging, whether cheaper credit can fuel a rebound in economic activity, remains to be seen.
The Case of Central Bank Digital Currency (CBDC)
There is a good case for Central Bank Digital Currency (CBDC) in today’s world, but at the same time we cannot brush aside concerns on architecture, infrastructure, and rules of access to CBDCs. Debjyoti Mukherjee explains the concept and its pros and cons.