We have already seen all of that and, in my view, transition is not going back to the past but a way to the future! 4  BIS Review 133/2007  There is a latent pressure on the MPC members to involve themselves with current problems and to act fast.
The downward trend in oil prices that began in mid-2014 continued amid a supply glut and weak demand. Prices have recovered somewhat from multi-year lows of below $ per barrel in January following supply disruptions in a number of countries and curtailment of investment and output in others.