Lower inflation leads to lower inflation expectations, reinforcing the prospect for low inflation ahead. In this case, inertia is our friend and the result is a virtuous wage-price spiral, at least for a while.
The document also suggests reviewing of IT processes for better alignment between business objectives and IT. Focus for banks 41. The Vision Document sets priorities for commercial banks to move forward from their core banking solutions to enhanced use of IT in areas such as MIS, regulatory reporting, overall risk management, financial inclusion and customer relationship management.