We don’t know the exact CBDC system architecture because it hasn’t been designed yet.
Category: Economy
Summaries
![The Reserve Bank of NZ is looking at launching a digital currency 2 The Reserve Bank of NZ is looking at launching a digital currency - Centrist](https://media.centrist.co.nz/wp-content/uploads/2024/07/22122927/Centrist-images-96.jpg)
The Reserve Bank of NZ is looking at launching a digital currency
The government acknowledges public concerns about privacy and control.
Economy
![Officials' mistrust of KiwiRail leads to cancellation of iReX project 3 Officials' mistrust of KiwiRail leads to cancellation of iReX project - Centrist](https://media.centrist.co.nz/wp-content/uploads/2024/07/18180345/Centrist-images-90.jpg)
Officials’ mistrust of KiwiRail leads to cancellation of iReX project
The future of the Interislander on the water, is up in the air.
Summaries
![Mitchell: ‘Radical action’ needed to reduce deepening welfare dependency 4 Mitchell: ‘Radical action’ needed to reduce deepening welfare dependency - Centrist](https://media.centrist.co.nz/wp-content/uploads/2024/07/03100321/Centrist-images-41.jpg)
Mitchell: ‘Radical action’ needed to reduce deepening welfare dependency
Is the benefit a right or a privilege?
Summaries
![Will the rush to house immigrants risk NZ credit downgrade, and thereby trigger higher interest rates? 5 Will the rush to house immigrants risk NZ credit downgrade, and thereby trigger higher interest rates? - Centrist](https://media.centrist.co.nz/wp-content/uploads/2024/06/29191312/housing-nz-2.jpg)
Will the rush to house immigrants risk NZ credit downgrade, and thereby trigger higher interest rates?
“Bishop will be defeated as house prices rise again.”
Summaries
![Economist explains the political and money motives behind the climate catastrophe narrative 6 Economist explains the political and money motives behind the climate catastrophe narrative - Centrist](https://media.centrist.co.nz/wp-content/uploads/2024/06/25094520/Centrist-images-25.jpg)
Economist explains the political and money motives behind the climate catastrophe narrative
Saving the planet or a convenient narrative to expand government control?
Summaries
![Batten down the hatches: Consumer confidence plummets leaving businesses struggling to survive economic storm 8 Batten down the hatches: Consumer confidence plummets leaving businesses struggling to survive economic storm - Centrist](https://media.centrist.co.nz/wp-content/uploads/2024/06/20090144/Centrist-images-8.jpg)
Batten down the hatches: Consumer confidence plummets leaving businesses struggling to survive economic storm
For many consumers, it’s needs vs wants.
NZ News Essentials
![(Bank) balancing act: Should banks intervene to protect customers from their own poor judgement? 9 (Bank) balancing act: Should banks intervene to protect customers from their own poor judgement? - Centrist](https://media.centrist.co.nz/wp-content/uploads/2024/06/19080555/social-media-11.jpg)
(Bank) balancing act: Should banks intervene to protect customers from their own poor judgement?
Given the high stakes and the potential for life-changing financial losses, what are the arguments for and against banks maintaining tighter controls over customers’ money?