Analytics and business intelligence – use the right technology Today’s banks are trying to build more direct and lasting relationships with more carefully selected customers instead of the age old practice of extending services to any customer who comes along. How do banks select their value-adding customers and products for them? Answers lie in the use of analytics.
Moreover, inflation in other parts of the index can fall, offsetting the overall impact.9 Monetary policy certainly has sufficient tools to stabilise inflation over the medium term, i.e. a few years. But it may bring a greater degree of short-term volatility in output and inflation.