Therefore, we are also consulting on the case for a central bank digital currency, alongside our proposed approach to stewardship. Just to be clear, our agenda is neither to replace cash nor to crowd out private innovation that enhances public welfare.
The recent pickup in household spending, together with underlying conditions that are favorable for growth, lead me to be optimistic that we will see further improvements in the  BIS central bankers’ speeches  1  labor market and the economy more broadly over the next few years.