The latest consumer price index (CPI) report showed that headline inflation fell from 5 percent year over year in March to 4.9 percent in April. But that decline was only due to rounding-the actual decrease was just five onehundreds of a percentage point, from 4.98 percent to 4.93 percent. Almost no progress. The news on core inflation was similar.
Proponents of specialised banking systems believe this will produce a better solution to the “too big to fail” problem. And, the wisdom of introducing a system of specialised banks has to be judged in terms of whether it makes it easier to supervise large, complex financial institutions.