BIS Review 87/2005  1  P.M. What criteria served to justify this rate rise? There has of course been a rise in prices due to the leap in oil prices. Did you also take account of the boom in property prices and the surge in consumer credit?
Debit and ATM cards, along with automated clearing house payments, account for a very small percentage of transactions. Even BIS Review 28/1997  -4-  the use of popular credit cards has only recently begun to challenge paper’s dominance. While there are many other factors involved in this anomaly, the value of privacy of transaction has clearly been a significant determinant.