Building TIPS required the fulfilment of a number of particularly challenging technical requirements: - virtually instant payment execution (with processing times per payment not exceeding 5 seconds); - the capacity to handle a large volume of processed payments (over 43 million transactions per day); – very high availability and resilience (reaching 99.9% service availability, and the capacity to restart within 15 minutes in a site disaster scenario); - extreme scalability of the system from a performance viewpoint (the ability to sustain a doubling of the volume of payments over a year).
And for inflation, as I noted earlier, my colleagues and I expect inflation to move up toward our objective of 2 percent as the economy strengthens further and as transitory influences wane. Of course, the outlook for the economy, as always, is highly uncertain.