We have sought additional resourcing to do this – a point that will be considered by the Government as part of Phase 2 of its review. Within this framework the key question is how we establish a rigorous and fair baseline of resilience for prudential regulation. Again it’s the goldilocks question, what is too risky, too safe, and just right?
Inflation challenges Inflation is a major concern not only at the national level but also at the regional level. While we articulate monetary policy in terms of the wholesale price index (WPI) inflation, we take into account all available price indices both at the aggregate and disaggregate levels. We are also sensitive to inflation indicators at the regional level.