In this context, we have identified five areas of regional cooperation and integration, which include: (i) reducing the transaction cost of cross-border remittances in the SAARC region; (ii) facilitating the cross-border trade in the region; (iii) capacity building programmes for our staff; (iv) the creation of SAARCFINANCE statistical database; and (v) undertaking of collaborative research studies.
Currently, both inflation and inflation expectations are within an easy environment, but we must not become complacent about inflation. A central bank governor who acts that way will find himself forced to deal with inflationary developments later on. We are constantly watching, with a magnifying glass, for any appearance of inflationary signs.