Technological innovations and central banks – exploring new horizons
Innovation is not new for central banks, but recently they are venturing more and more into the space of technology to conduct practical technological experimentation. Three years after the launch of its Innovation Hub, the BIS has gained experience in these uncharted waters. The Head of the BIS Innovation Hub outlines the reasons that are driving central banks’ technological experimentation, on what lessons have been learnt so far and the future of central banks’ experimental labs.