3 Cash and CBDC There is a strong level of interest in understanding the potential implications of introducing Central Bank Digital Currencies (or CBDC), including what it might mean for the role of cash in the future. Consumer demand for CBDC as a means of payment will ultimately be driven by the added value they perceive CBDC to have over existing means of payment.
I would like to address, in turn, three key groups that are affected by the low interest rates: banks, consumers, and the economy as a whole. Furthermore, I would like to take a crack at answering the question of how long this phase of low interest rates will keep going on. 1/7  BIS central bankers' speeches  2.