Federal Funds Rate Paths from the PD Survey  Percent September 2016 December 2015 December 2014  4  3  2  1  0 2014  2015  2016  2017  2018  2019  2020  Note: Based on the median of the modal forecasts from the primary dealer (PD) surveys conducted before the December 2014, December 2015, and September 2016 meetings of the Federal Open Market Committee.
In a recent speech, the IMF states that DLT could be applied to various processes in cross boarder payments and gains would be most evident in efficiency5. Bank of England has expressed the view that there is scope for central banking and the financial system more broadly to benefit from the settlement technology6.