The recovery environment has also improved. A related issue pertains to transparency in lending rates. Especially after the introduction of sub-PLR lending by banks, the spreads between the  BIS Review 1/2003  5  minimum and maximum lending rates seem to have widened. The RBI is making efforts to publish on its website bank-wise information on the minimum and maximum lending rates.
Longer-run inflation expectations are stable, having responded relatively little either to downward or upward pressures on inflation; expectations can be early warnings of actual inflation, however, and must be monitored carefully. Commodities prices have risen lately, likely reflecting the pickup in global economic activity, especially in resource-intensive emerging market economies, and the recent depreciation of the dollar.