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The facade of the Royal Exchange in the City of London

Inflation in the U.K. is expected to surge to 13% in the fourth quarter

david and goliath fight

Inflation-targeting policies have been successful until recently

cryptocurrencies

Many central bank digital currencies are likely to be issued in the "medium" term, BIS reports

The facade of the Royal Exchange in the City of London

More rate increases could be in the pipeline based on the latest economic outlook

Pile of cryptocurrency coins

Many questions remain about how a CBDC would affect banks and wealth managers

The facade of the Royal Exchange in the City of London

In contrast, the ECB doesn't plan to raise rates until 2023 despite record inflation