Second, the fact that households' tolerance of price rises has not been increasing clearly has been constraining a rise in inflation. According to the Bank's survey, following the introduction of quantitative and qualitative monetary easing (QQE) in 2013, the level of households' tolerance of price rises shifted upward in a favorable direction compared to past levels.
I, therefore, encourage the local communities to take advantage of proximity of the bank and availability of its digital platforms to make use of the financial services the bank is offering, now and in the future. Distinguished ladies and gentlemen, it is now my pleasure and privilege to declare the BSB Hukuntsi branch officially open.