Inflationary pressures were however led by developments in international oil and food prices. It is estimated that headline inflation will remain high by historical standards as a consequence of commodity price increases and increases in demand by countries such as China and India.
BIS central bankers’ speeches  1  well-meaning but misguided efforts to revitalize decaying inner-city neighborhoods. In practice, these policies often devastated neighborhood cohesion, leading their critics to argue for local, bottom-up solutions.