14  See U.S. Department of Labor and U.S. Department of Commerce (1994). 4  BIS central bankers’ speeches  Many workers simply may not have banks in their communities, or may not have access to banks that actually compete with each other in terms of pricing or customer service. There is a growing trend toward greater concentration of financial assets at fewer banks.
As our society works out how best to take advantage of these opportunities, the job of the Reserve Bank is ensure that inflation remains low and stable and that the overall economy remains on an even keel. The medium-term inflation-targeting arrangements that have been in place for nearly two decades now provide a strong framework in which to do this.