Subsequently, the FOMC has on successive occasions since January substantially reduced its target FF rate, though it has not yet succeeded in revitalizing the activities of IT-related firms which once drove bullish expectations.
In addition, there is also the idea that some obstacles to cheaper and faster international payments could be overcome by the issuance of CBDC on the basis of new, and to a certain extent, globally standardised, DLT-based networks.5 Should these developments motivate us to introduce CBDC?