1  China, France, Germany, Japan, United Kingdom and United States (data from the International Monetary Fund and the World Bank)  2  All amounts quoted from the June 2015 Quarterly Bulletin  BIS central bankers’ speeches  1  i. Implicit support leads to moral hazard. If banks believe that they will not be allowed to fail (i.e.
Despite the El Niño phenomenon and the lingering effects of African Swine Fever, the agriculture sector managed to grow by 1.5 percent during the year. In 2019, headline inflation was 2.5 percent, well within the government’s target range of 2.0-4.0 percent, and was supported mainly by decelerating food inflation. The benign inflation is expected to support consumption demand moving forward.