BIS central bankers’ speeches  The relative slowdown in credit growth, albeit not so dramatic, is also seen in agriculture (Chart 4), though public sector bank credit growth is picking up once again. Whenever one sees a slowdown in lending, one could conclude there is no demand for credit – firms are not investing.
The elaborated contributions today confirmed that it has – inter alia – the potential to enhance efficiency of all kinds of digital transactions, to enable cashless payments with central bank money, and to preserve Europe’s financial sovereignty.