I appreciate this opportunity to share my observations with all of you. The topic I am going to talk about relates to one of the functions of the institution I am working for, which is how to prevent the commercial banks from accumulating new NPLs after the present round of banking reforms.
6 The charts show that the behavior of inflation expectations depends on the data one uses to measure those expectations. 7 The left panel reports survey-based measures, while the right panel captures market-based inflation expectations over a variety of time horizons.