In addition to such labor market conditions, the rises in prices to date will likely be reflected to a considerable extent in the outcomes of the next annual spring labor-management wage negotiations. It is necessary to examine future wage developments carefully since they are also affected by economic developments at home and abroad. 5  III.
The Bank's Conduct of Monetary Policy Now, I would like to talk about the Bank's conduct of monetary policy, based on the economic and price developments I have described. At its Monetary Policy Meeting last month, the Bank decided to continue with monetary easing.