﻿[ 4] Project Dunbar, which involves the RBA, Bank Negara Malaysia, the Monetary Authority of Singapore, the South African Reserve Bank and the BIS Innovation Hub. Project Dunbar will develop prototypes of a common multilateral settlement platform that will enable international settlements with digital currencies issued by multiple central banks (as opposed to reliance on existing payment systems).
We will now report on the outcome of today’s meeting of the Governing Council, which was also attended by Commissioner Almunia. On the basis of its regular economic and monetary analyses, at today’s meeting the Governing Council decided to leave the key ECB interest rates unchanged.