For instance, should we have a more liberal access regime for entities who are forex earners and thus have a natural hedge? Should we have more rigid rules for others? Another related issue. The thumb rule that we have followed in our approach is not to permit the Indian banking system to guarantee the forex loans raised by resident entities.
On the basis of current information, annual HICP inflation is expected to remain at low levels over the coming months, before increasing gradually during 2015 and 2016. Meanwhile, inflation expectations for the euro area over the medium to long term continue to be firmly anchored in line with our aim of maintaining inflation rates below, but close to, 2%.