Bloomberg The Bank of Canada and Monetary Authority of Singapore have sent each other digital currencies using blockchain technology, marking the first such successful trial between two central banks. The pair have been collaborating on the use of distributed ledger technology and central bank digital currencies to make the cross-border payments process cheaper, faster and safer, they said in a …

Bloomberg Benoit Coeure is possibly the best-qualified candidate to be the next European Central Bank president, but that may not be enough. The Frenchman has played a key role implementing the ECB’s crisis measures in almost eight years as a board member. With a stellar career and education, officials often cite him as the bank’s preferred option and one of …

Bloomberg Swedish inflation was back at the target in April, bringing comfort to the Riksbank as it struggles to bring interest rates back above zero after years of extreme monetary policy. Consumer prices with a constant interest rate rose an annual 2.0% in April, according to Statistics Sweden. That was in line with the 2.0% predicted in a survey of …