2  BIS central bankers’ speeches  Third, in addition to the traditional statistical issues facing emerging economies like India, the global financial crisis has drawn attention to data gaps in the financial sector which needs to be addressed.
The Bank aims to push up inflation expectations and further strengthen the effects of monetary easing by making a strong commitment to expanding the monetary base until the year-on-year rate of increase in the observed CPI exceeds 2 percent and stays above that level in a stable manner. 6  B.