2  The Bank’s view of recent economic and financial developments, determined by the Policy Board at the Monetary Policy Meeting held on August 8 and 9 as the basis for monetary policy decisions. BIS Review 46/2002  1  support prices to some degree.
Moreover, factors such as the ongoing technological innovations in machinery, deregulation, and the streamlining of distribution channels will continue to restrain prices. With import prices beginning to decline, domestic wholesale prices are projected to continue to be weak for a while, as they are sensitive to import prices.