Daily Global-Macro Brief LIVE

Central Banks 2

  • NAO review commends Bank of England’s RTGS Renewal Programme as value-for-money with strong leadership and collaboration
  • Monetary Policy Transformation Programme approved by Court, emphasizing improved MPC communications and process modernization
  • UK retail payments strategy prioritizes account-to-account payments, interoperability with digital pound, and private-sector innovation
  • Bank of England's 2023 court minutes released, revealing pay disparities and staff survey concerns
  • Technology transformation budget capped at £100m for 2023, with cloud and RTGS renewal programs approved
  • Bank's 2023 dividend payment waived but expected to resume in future years due to capital position