For example, the performance of the stock market has mirrored, in a rough way, what has happened to business fixed investment. The stock market boom of the late 1990s was associated with a growing optimism on the part of both firms and investors about future profit growth.
It is the view of the Governing Council that the risks to this medium-term outlook for price developments are fully confirmed to lie on the upside, mainly relating to possible further rises in oil and agricultural prices, increases in administered prices and indirect taxes beyond those foreseen thus far.