Core inflation – the measure that excludes the direct impact of energy and food prices – has recently been running below 1 percent. In my baseline forecast, I have inflation getting past this period of broad disinflation and resuming a gradual rise to 2 percent.
Poor corporate governance, fraudulent practices, related party transactions, poor asset quality, capital deficiency, liquidity crisis, amongst so many other factors, brought down the bank. This bank failure provided us with invaluable lessons that regulation and supervision of financial institutions cannot be taken lightly.