BIS Review 40/2000  4  Regarding monetary policy, central banks around the world are now endeavoring to provide stability to their domestic price levels. In some cases, this focus on price stability was undertaken in order to return credibility to the central bank after a period of unacceptable inflationary pressures.
This is to ride on over 1 billion mobile connections in the country and the Financial Inclusion drive. 7. In order to participate in the ensuing Payment Revolution and to take advantage thereof, we need to be taking certain strategic actions.