On the other hand, the payment system, as already described in the video, is fast becoming very digital. For instance, our goals of 70 percent of adults having their own transaction accounts and 50 percent of transactions being digital are very, very achievable. Of course, the pandemic helped that happen.
While economic activity and prices are likely to remain in a state where the current extremely low levels of short- and long-term interest rates would be appropriate, at least through around spring 2020, the Bank considers that  8  there is a fair possibility that the current low interest rates will be maintained beyond this period depending on future developments.