We succeeded in containing inflation below 3 per  2  BIS central bankers’ speeches  cent until November 2010, with an expected surge in December in the wake of rising commodity prices. 10.
3  Constraining these outlays by any mechanism other than prices will involve some form of rationing - an approach that in the past has not been popular in the United States. turnaround. But rising pressures on retirement incomes and a growing scarcity of experienced labor could induce greater labor-force participation.