Israeli central bank official says CBDC competition with banks is good for the economy

Bank of Israel assistant governor Andrew Abir East eager For THE digital shekel has shake up commercial banks.

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While THE impact of central bank digital currency (CBDC) on commercial banks has often has been seen as A source of concern, Bank of Israel assistant governor Andrew Abir took A against a current see In A speech published on THE central banks website. To leave THE banks blur has compete, he said, In gasoline.

Years of effort has increase competition In THE Israeli banking sector to have paid disabled In A variety of manners, but "We always to have A long path has go," Abir said. As THE Bank of Israel raised interest rates has fight inflation, banks raised interest rates on credit, but THE increase In deposit rates was "partial And slow." He added:

"In a lot countries around THE world, including Israel, commercial banks TO DO not earn pub...