We need them to be readily acceptable to the public and easily distinguishable from counterfeits or the currency of other countries. Print and copy technology development moves so fast now and it is imperative that we move with the changes. If we don’t, the counterfeiters will have a field day.
Another important condition is inflation decreasing steadily to its target. Conversely, if inflation risks materialize, in particular through persistent demand pressure, the easing of monetary policy will be more gradual. A summary of the discussion by Monetary Policy Committee members that preceded this decision will be published on 16 September 2019.