Finally, Fallick, Lettau, and Wascher (2015) review the evidence for downward nominal wage rigidity in recent years and explore the ways in which it has interacted with labor market stress over time. 20 Specifically, survey measures of long-run inflation expectations are broadly correlated with estimates of  inflation’s longer-term trend.
It was also the first bank in our modern era to roll out direct banking services to the rural communities and the first lending institution to introduce a SME-focussed product line following the announcement of Government’s SME Credit Guarantee Scheme. ANZ is also playing its part in our overall financial inclusion drive to take banking to the unbanked.