Consumers Are Already Living ‘in an Era of

Consumers Are Already Living ‘in an Era of Instantaneous Bank Runs’: BoE Dep Governor

Upworthy

Published 01 Mar 2023

Deputy Governor Jon Cunliffe said we are already living in an age of instantaneous bank runs as consumers can rapidly move their funds between banks if they are worried about the solvency of a bank where they keep their deposits. He added a central bank digital currency (CBDC) provides an…

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Consumers Are Already Living ‘in an Era of Instantaneous Bank Runs’: BoE Dep Governor

Consumers Are Already Living ‘in an Era of Instantaneous Bank Runs’: BoE Dep Governor

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