Lithuanian bank chief economist: central bank digital currency has the potential to affect the financial system in a significant way

AistėJuškaitė, chief economist at the Lithuanian bank's market infrastructure unit, claims that CBDC has the potential to affect the financial system in a “significant way”. Clearer technology will allow central banks to choose digital currency designs that "mitigate potential unintended side effects." The Lithuanian central bank is actively exploring the CBDC to join this global trend. AistėJuškaitė also mentioned that there is currently no “consensus” on the cost-benefit balance of CBDC or its impact on monetary policy and financial stability. The central bank should be at the forefront of these changes and ensure that systematic and sound actions are taken to bring the greatest possible benefits to society.