Over the past year it has grown by close to 3½ per cent, inflation has been low and stable at around 2 per cent, employment has grown quite strongly and we are getting closer to full employment (Graph 1). Business conditions are positive and government finances have improved and are in reasonable shape.
BIS central bankers’ speeches  1  The Committee for the Reduction of Paper-based Payments (the Locker Committee), which is working to reduce the use of cash and special check endorsements, will further push the development and expansion of the use of advanced means of payments.