However, being currently at a low level, these prices could rise faster next year than other prices, even if the 2012 agricultural season turns average. BIS central bankers’ speeches  5  Given the developments on the global markets and the lowering of wheat and corn prices, a rise in processed food prices in the coming period will probably be modest.
C.  Conduct of monetary policy in the near term  Next, I would like to talk about the Bank's conduct of monetary policy in the near term based on the outlook I have just described for economic activity and prices.