In this case, there would not be any immediate upward pressure on core inflation. The range also has the property that its mid-point value of the short-run is above the prevailing unemployment rate, implying some upward pressure on core inflation over the near term. 2.
d)  Leverage  Basel III prescribes a leverage ratio (ratio of Tier I capital to book value of assets including off-balance sheet items) as backstop arrangement to supplement the capital adequacy ratio.