BIS Review 84/2001  1  As for the conditions surrounding price developments, with the prolonged adjustments in economic activity, the balance between supply and demand in the domestic market will exert downward pressure on prices gradually.
2  BIS central bankers’ speeches  Housing markets – which I will discuss in more detail shortly – have shown only slight signs of improvement: Housing demand and homebuilding (chart 6) continue to be restrained by weak income and sentiment, tight lending standards, and a large overhang of vacant properties (chart 7).