33 This implies that volatile, flexible prices like those of energy and commodities are very useful and should instead be included in the broad index monitored by the central bank, as they could provide a timely signal of inflationary pressures, arising not only in their specific markets, but more generally in the overall economy.
First, our banks’ total exposure to assets of Asian and East Asian countries was less than $ 500 million, and foreign liabilities are well below 10 per cent of total liabilities. Second, lending to property is frowned upon and is generally restricted to housing finance.