The absence of credit demand is being reflected in record levels of excess liquidity and historically low savings rates. Notwithstanding Government’s expansionary fiscal stance, to facilitate an economic rebound in 2010, there must be some resurgence in business activity. And, this is not as far fetched as some would like to believe as many of the pre-conditions for such a rebound already exist.
In 2005, that Steering Committee published two reports: the first concerns the costs, advantages and disadvantages of the various means of payment, and the second deals with the modernisation of the payment channels used by the public authorities.