Still, financial inclusion and access to appropriate payment methods are extremely important as the ability to make and receive payments related to the necessities of life is a basic right in our society.
Surging liquidity demand spilled over into the short-term money market, causing overnight interest rates to soar. Volatility in financial markets, as measured by the VIX 1 index, moved from 14 index points on 17 July to touch a record 31 index points on 16 August. Volatility at levels of around 20, has generally led to a re-pricing of riskier assets.