BOE’s Bailey Raises Doubts Over Digital Pound for Consumers

Bank of England boss not ‘convinced’ of need for digital pound

The Bank and the Government are in the process of exploring the launch of a digital pound.

BOE’s Bailey Raises Doubts Over Digital Pound for Consumers

Bank of England Governor Andrew Bailey cast doubt on the need for a digital pound for consumers, calling into question whether the UK will push ahead with its plans.

BoE Governor casts doubt on Digital Pound

Bank of England (BoE) Governor Andrew Bailey is pumping the brakes on the digital pound while signaling serious doubt over whether the UK needs a central bank digital currency (CBDC) for everyday consumers. Speaking at a conference in Kyiv, Bailey made it clear he’s not yet “convinced that we need to create new forms of money” to unlock the potential of smarter payments, fraud prevention, or even the much-hyped world of smart contracts. This is …

Bank of England Governor casts doubt on the case for retail CBDC

BOE Governor has cast doubt on the case for a digital pound for consumers, questioning its necessity even as the central bank moves ahead with developing a wholesale version for use between financial institutions. Bank of England Governor Andrew Bailey…

BoE Chief Andrew Bailey Casts Doubt on Need for a Retail Digital Pound, Flags Crypto as ‘Risky Asset’

KYIV / LONDON — 20 June 2025 .Bank of England governor Andrew Bailey has questioned whether Britain really needs a retail digital pound, saying he remains “to be convinced” that new forms of money would deliver benefits that can’t be achieved through existing payments technology. Speaking at the National Bank of Ukraine’s annual research conference in Kyiv on Friday, Bailey warned central bankers to stay alert to an expanding “non-money system” …

The Digital Pound: Impact of CBDCs on UK Business & Consumers

Explore how the UK's digital pound will shape businesses and consumers in the evolving landscape of Central Bank Digital Currencies.