As we have stated many times, we expect that will lead to a gradual increase in wages growth and, in turn, inflation. There are a number of uncertainties around the extent and timing of the decline in the unemployment rate and the pick-up in wages growth.
Indeed, FinTech players are moving ahead of the curve by developing solutions that aim to expand delivery channels and trim unnecessary processes towards providing greater efficiency and convenience for customers. We, at the BSP, emphasize our support for such endeavors. We view innovators as enablers of financial services that help us boost our financial inclusion agenda.