Given the vigorous monetary and credit growth in an environment of already ample liquidity, a cross-check of the outcome of the economic analysis with that of the monetary analysis supports the assessment that upside risks to price stability prevail over the medium to longer term.
These financial institutions play a unique and pivotal role: they broaden the reach of our financial system down to the countryside and encourage savings, loans and investments that grow the economy, generate employment and promote inclusive growth. Equally important are annotations to laws on the rights and protection of consumers, borrowers and depositors that are discussed in this book.