Issuing a retail central bank digital currency (CBDC) is likely to have a “negligible” impact on the macroeconomy, new research finds.

In the working paper, economists with the Central Bank of Colombia explore possible design choices for a CBDC and assess their likely economic effects.

They stress their central bank has not taken a final decision on CBDC issuance, adding that current conditions do not seem to call for one. Indeed, Colombia is aiming to roll out a fast payment system by 2025