This rate was significantly more negative before the rate hike in July. Meanwhile, our estimated real neutral rate is in the region of 2%, so actual rates are still well below neutral. They would also be below neutral even with different, lower estimates of neutral. This means the policy stance is still supportive of growth.
Their use can be expanded to include wet markets, retail stores, and public utility vehicles (jeep, taxis, tricycle, bus). We need to quicken the adoption of the National QR code standard (“QR Ph”) to enable interoperable payments for person-to-person (P2P) and person-to-merchant (P2M) transactions.