In particular, a gradual depreciation of the exchange rate would put upward pressure on tradable inflation for a time, while a reduction in wage growth and domestic costs more generally would put downward pressure on nontradable inflation.
I would also like to recognize the commitment and hard work of the Management Committee of the Financial Literacy Programme whose unstinting volunteer efforts are contributing to make all this possible. Kids, as I said earlier, we in the Bank are excited about this programme.