I think the recent fall owes a lot to the realisation that the housing and construction sector will be weak, to the fact that a number of businesses have only recently had to face up to the practical implementation of paying the GST, and to rising petrol prices. What does the foregoing mean for the economy and for monetary policy?
As the world of payments is in a state of change and remarkable innovation, it is important to remember the core needs of society and the economy, so as we adapt our payments systems in this changing environment we continue to deliver safe, ef cient and resilient payment systems.