We have done this with mobile phones, can we do it with banking? Payments may be another obvious product. I should note that our payments infrastructure in India is very advanced. We have three large RBI technology centers devoted to supporting payments and robust payment and settlement networks for both large value and small transactions.
It provides a clear and measurable benchmark against which the public can hold the Eurosystem accountable. It enhances the transparency of the monetary policy framework, and gives guidance to expectations of price developments, thereby helping to stabilize the economy.