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How the Bank of England moves billions every day #podcast #bankofengland #money #ukeconomy #finance
🏦 Do you know how your money moves?
Every payment you make, from buying a morning coffee to purchasing your dream home, relies on financial infrastructure working behind the scenes.
At the heart of this is a system called RTGS – the Real-Time Gross Settlement System – which @bankofenglanduk economists Rupal Patel and Jack Leslie describe as the “big black box”.
But how does it work, and why is it so important to the way money moves around the economy?
Full video available on our channel.
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