(2011)6 have estimated that the threshold inflation for India is in the range of 4.0 per cent to 5.5 per cent. Updated estimates, using the same methodology, yield a range of 4.4 per cent to 5.7 per cent, implying a mid-point rate of about 5.0 per cent.
As you well know, in December 2014, the Euro Retail Payments Board (ERPB), which is the multi-stakeholder group helping to foster the development of an integrated, innovative and competitive market for retail payments in euro in the European Union, identified a need for at least one pan-European instant payment solution for euro that is open to any payment service provider in the European Union.