FX and fixed income markets outlook Both the start and end of 2018 were characterized by market turbulence due to uncertainty on the sustainability of synchronized global economic growth and accommodative monetary policies, while many of last year’s problems remaining to be addressed.
At the most recent reading, total CPI inflation was 1.2 per cent, well below our 2 per cent target. This was largely due to the drop in gasoline prices, which we treat as a temporary effect.