Given the costs of curbing such unpleasant inflation dynamics once they have started, a price stability-oriented central bank should react in a timely and preemptive manner on the basis of a comprehensive analysis of the shocks to headline inflation. 3  Pain and Sollie (2006).
The numbers of branches have consequently increased exponentially from 534 in 2005 to 1272 in 2012. The expansion in bank branches is not only enhancing financial inclusion, but also funding more inclusive businesses.