As a reason for the difficulty in price pass-through, many firms have pointed out severity in price competition with rival firms, thus suggesting that the “fallacy of composition” or the “coordination failure” might have been taking place. At the same time, firms’ medium- to longterm growth expectations have been on a declining trend for a protracted period since the 1990s (Chart 6).
The Report has been finalized and is waiting to be formally presented to the Treasurer and myself;  •  Undertaking a review on the legal framework for Micro-Finance Institutions and a review to the Savings & Loan Societies Act 1995 with the view of separating registry functions from prudential supervision.