The easing cycle that started on both sides of the Atlantic – and of the Channel – in 2001 saw a cumulative reduction in the policy rate of 275 basis points in the euro area, accomplished in a sequence of seven moves.
They can pay their bills at any time of the day, from the comfort of their home, by scanning the QR code with their mobile banking applications. They can also make instant transfers of money at any time of the day, all year round, knowing only the mobile phone number registered by the payee for that service.