Biggest Crypto Risk Missing, Warns ABC Boss Matt Comyn

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The Reserve Bank said Thursday it was not yet convinced it needed it in Australia.

“Many central banks are examining the applicability of a central bank digital currency, what would it look like, what the benefits would be,” Comyn said in the interview.

“Again, this is something we would love to participate in. We believe it is important for Australia to build capacity and pilot different versions of the future. We hope to be able to play a role in that regard. “

Below are some more comments from Comyn:

Comyn on inflation

“There is a big gap between what the market expects and how that translates into wages, and strong demand for labor next year, compared to what the central bank is currently forecasting. Our point is that there is going to be strong economic growth in 2022, a very low unemployment rate, some of these supply chain issues will persist and we will certainly see higher inflation than we have seen. since many years. “

Comyn on China

“They are a very important business partner – everyone knows that. But, again, this is a very complex situation.

“It has been difficult, but we also need to look at the broader implications of the relationship for the long term. Of course, everyone would like there to be good alignment and mutual benefits, but there are also some important issues at stake that need to be managed appropriately by the government. “

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