The Committee on Comprehensive Financial Services for Small Business and Low Income Households (Dr. Nachiket Mor, Chairman, December 2013) has suggested inter alia, the need to develop a robust legal and regulatory framework around customer data generated in various transactions (credit and payments, digital and off-line), with the objective of customer ownership of their own  BIS central bankers’ speeches  3  transactions data and its use, among others, for signaling credit-worthiness.
J.-C. T. We increased rates as a preventative measure, thereby strengthening saver confidence, because we identified these inflation risks. This allows us to continue to profit today from the lowest medium and long-term market interest rates for fifty years. It’s a remarkable contribution to growth and job creation, thanks to our credibility in delivering price stability.