A comprehensive scenario analysis should encompass a thoughtful and thorough analysis of potential, but plausible, major changes in the economic, political, and social landscape. What are these changes? How will they affect your business? How will you respond to them if they occur? This analysis is the primary responsibility of risk management.
•  Although the Bank considers the risks around its projected inflation path to be balanced, the fact that inflation has been persistently below target means that downside risks to inflation assume increasing importance. However, the Bank must also take into consideration the risk of exacerbating already-elevated household imbalances.