As is well known, the financial sector has witnessed a quantum jump in the availability of technological solutions for delivery of financial services, and the RBI too has launched several payment system products for improving the efficiency of the payment system. It is, however, the general perception that the awareness of these products in the system has remained rather limited.
20  See Armstrong, J (2015), “The Reserve Bank of New Zealand’s output gap indicator suite and its real-time properties”, Reserve Bank of New Zealand Analytical Note, 2015/08. 8  BIS central bankers’ speeches  and the outturns we have experienced for productivity, inflation expectations and labour market slack.