We still project that the small amount of excess supply remaining in the economy should be taken up as output growth moves above potential growth in the second half of 2003. Finally, let me say a few words on inflation.
Just this April, we launched InstaPay, which allows for safe and affordable retail electronic payments in real time. Moving forward, we are expecting other automated clearing houses to be transitioned into NRPS system. We are also working on adopting a national QR code standard aligned with global standards, which can accelerate the digitalization of merchants.