In this way, efforts to address climate change have been expanding across jurisdictions as a global policy issue in the field of finance. I think this is a reflection of the growing awareness among people, in the face of frequent large-scale natural disasters around the world, that responding to climate change is an urgent priority.
With regard to the outlook, the year-on-year rate of increase in the CPI is likely to be around 1¼ percent for some time, as upward pressure from import prices – in particular energy prices – will likely wane, while underlying inflationary pressure – due mainly to the improvement in the output gap – will increase. II.