On the other hand, aggregate demand will be curbed by the reduction in profitable investment opportunities and individuals’ permanent income. All other things being equal, a fall in aggregate demand will tend to exert downward pressure on prices. BIS Review 7/2008  5  developments.
1  Keynote Speech by the Managing Director of the IMF, 2 July 2020, “National Development Bank in Lithuania: Aims and Effective Governance.”  5/5  BIS central bankers' speeches