BIS central bankers’ speeches  1  First, CPPs overcome information asymmetries that typically exist in marketplaces, especially markets with a big number of heterogeneous players. CCPs allow participants to trade with one a single counterparty (the CCP), which greatly facilitates the due diligence efforts and risk management burden that counterparties normally face.
On the price front, the year-on-year rate of change in the CPI for all items less food and energy has improved to around 0.0 percent, and inflation expectations appear to be rising on the whole, considering market indicators and the results of various surveys.