The idea that blockchains could be used to launch a digital fiat currency isn't new - in fact, it's already been considered by
monetary authorities in countries like England and China.
Not exact matches
However, the solution currently being reviewed — that of having certain negative rates, like
in some European
countries — adds another possibility to the next decision by Canadian
monetary authorities.
In both cases, entities and persons who make or issue these virtual assets are not regulated or supervised by the
monetary authorities of any
country.»
The European Central Bank, the top
monetary authority for the 19
countries that use the euro as currency, has said its 30 billion euros ($ 37 billion)
in monthly purchases will continue at least through September, but has given no fixed end date.
The bank, the
monetary authority for the 19
countries that use the euro, has been purchasing bonds with newly created money since March 2015
in an effort to boost inflation from levels considered too low.
Monetary policy is the process through which the
monetary authority (central bank, currency board, or other regulatory committee) of a
country controls the size and rate of growth of the money supply, which
in turn affects interest rates.
By and large, this is a reflection of the very accommodative
monetary stance being followed by the Japanese
authorities and, given the different cyclical positions of Australia and Japan, some rise
in the exchange rate between the
countries is to be expected.
China's actions mirror the concerns of
monetary policy
authorities in many
countries.