Finally, with the reduction in average inflation and inflation volatility, since the mid-1990s, tolerance for high inflation has come down. The moderation of inflation trend has had several  BIS Review 127/2010  9  beneficial effects in terms of lower nominal interest rate and high GDP growth rate.
Naturally, public authorities should also play a role in disseminating information and lead by example by actually using SEPA products. However, it is crucial for banks to effectively communicate what SEPA is about to users. eSEPA SEPA does not stop at the development and implementation of the core SEPA payment schemes.