As the previous discussion has illustrated, expressing an inflation objective in terms of a range makes it more difficult for a central bank to anchor inflation expectations, especially in the absence of any explicit emphasis on the midpoint.
That is why cash will continue to play an important role in the portfolio of payment instruments in future. Nevertheless, we expect the share of cash payments at the point of sale to slip below the 50% mark over the medium term, given that cashless payment instruments are slowly but steadily gaining ground.