The Bank of England's Money and Credit Report for May 2023

In my opinion, FedNow will be the infrastructure that would enable central bank digital currencies to have the proper conduit. But if you look a little deeper, the associated presses claims don't ring totally true. In May, households on net withdrew 4.6 billion pounds from banks and building societies which marked the highest level of household withdrawals on record. The stock market price for Siemens Energy AG collapsed last Thursday because they were having trouble with wind turbines.