The challenge at hand is to reform the financial sector and banks towards a more healthy structure and size in order to redirect banking activities to support the society and real sector in the best way possible. The key is to remove any perverse incentives, which could lead to an excessive growth of the financial sector.
In that regard, what warrants attention is that the waiver of high school tuition has been in effect since April, which is estimated to push down consumer price inflation by around 0.5 percentage points. The effects of such one-off factors disappear in 12 months, and thus should be considered separately from the trend change in consumer prices.