2  The Bank’s view of recent economic and financial developments, determined by the Policy Board at the Monetary Policy Meeting held on October 10 and 11 as the basis for monetary policy decisions. BIS Review 58/2002  1  On the price front, import prices are bottoming due mainly to the rise in oil prices.
Meanwhile, domestic wholesale prices have weakened, reflecting the decrease in import prices to date. Moreover, consumer prices remain on a gradual downtrend and corporate services prices continue to decline. As for the conditions surrounding price developments, import prices are expected to start turning up.