A number of initiatives announced by the President at the opening of Parliament are aimed at easing these supply-side constraints. The implementation of these structural changes could create further scope for lower nominal and real interest rates. Closer cooperation and coordination between the Reserve Bank and other national official bodies may expedite this process.
And so we organized this forum, as we believe that you, the labor and employment sector, have much to gain and can play a big role in advancing financial inclusion. Payment of salaries and wages is a compelling opportunity to open transactions accounts for our workers.