This may come about, for example, if banking service providers are willing to enter into passive infrastructure sharing. The challenge for banks, in the context of financial inclusion, would be to get the technology pieces together and adopt a strategy that is viable and sustainable in the long run. 19.
In terms of the monetary policy transmission mechanism, we see the primary influence working through the demand and risk taking channels that raise annual non-tradable inflation to just under 3.5 percent over the projection period.