Tony Richards, head of payments policy at the Reserve Bank of Australia (RBA), told the UWA Blockchain, Cryptocurrency and Fintech conference that his agency had evaluated retail central bank digital currencies (CBDCs) and found “no strong public policy case” for introducing a general use version of the Australian dollar. , Philip Lowe “In the meantime, separate to our work monitoring the case for a retail CBDC, the Bank is conducting research on the technological and policy implications of a potential wholesale CBDC,” Richards said. RBA governor opens door for further easing, Australia central bank holds rates, but signals more easing soon, Australia central bank: Fiscal stimulus needed to revive coronavirus-stricken economy. , , The dovish remarks sent the Australian dollar sliding to a one-week low of $0.7129. SYDNEY: The Reserve Bank of Australia (RBA) Board was studying the benefits that would come from buying longer-dated government bonds as part of its monetary stimulus package to boost jobs and growth, Governor Philip Lowe (pic) said on Thursday. By signing up, you will receive emails about CoinDesk products and you agree to our, The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a, Cryptographers Are Always Going to Be ‘One Step Ahead’ of Regulators: Monero’s Spagni, First Mover: ‘Blue Wave’ in US Senate Could Mean Flood of Stimulus for Bitcoin, Luno Exchange Launches Interest-Earning Bitcoin Wallet, FIL Miners Force Filecoin to Speed Up Token Rewards Following Mainnet Launch. The Australian central bank sees no need to issue its own retail digital currency just yet, a top official said Wednesday. "As the economy opens up, though, it is reasonable to expect that further monetary easing would get more traction than was the case earlier.". "The solutions to the problems the country faced lay elsewhere," Lowe added referring to fiscal policy, which he said, has provided "welcome support" to the economy.  {{item['V1 Body']}} Star Media Group Berhad (10894D), {{item['V1 Header']}} The Australian central bank sees no need to issue its own retail digital currency just yet, a top official said Wednesday. readers found this article insightful, Copyright © 1995- Where Does Bitcoin Fit in the Global Reserve Currency Game? Sie können Ihre Einstellungen jederzeit ändern. Ten-year bond futures rallied on the remark, rising 6.5 ticks to 99.225, the highest since April 2020.  {{item['V2 Header']}}, All you need to know inside Special Pullout. The Reserve Bank of Australia … We are committed to do what we reasonably can, with the tools we have, to support the recovery of the Australian economy.". Oct 14, 2020 at 03:59 UTC Updated Oct 14, 2020 at 15:20 UTC. It's simple! The Reserve Bank of Australia (RBA) has left the cash rate at a record low 0.25% since an emergency cut in March, but has recently pledged to do more to boost growth. Dies geschieht in Ihren Datenschutzeinstellungen. The implications of larger balance-sheet expansion by other central banks were another consideration as the RBA works at potential policy options, Lowe added.