Furthermore, in our statements which are released after each MPC meeting, we give details of the forecast so that market participants have a good idea of the timing and level at which inflation is expected to change direction. We also indicate where we expect inflation to be at the end of the forecast period.
BIS central bankers’ speeches  1  Secondly, we are seeing increased standardization of processes, structures, and rules, across technological platforms. But do common standards have an impact on innovation? Are they synonymous with interoperability? Technological standards support the production process and market penetration of products, and therefore have a significant collective effect on innovation, productivity, and market structure.