Sources of the recent rise in commodity prices Let me now turn to a discussion of the sources of the recent increase in commodity prices.
Policy rates remaining at their present levels well past the end of our net purchases will contribute to holding the short to intermediate portions of the yield curve in check for as long as necessary, thereby ensuring that financial conditions remain consistent with a sustained adjustment of inflation. 1  See, for example, the European Commission’s “European Economic Forecast – Autumn 2017”.