Aizenman, Joshua, Mahir Binici and Michael M. Hutchison, 2014: “The Transmission of Federal Reserve Tapering News to Emerging Financial Markets”, NBER Working Paper, no. 19980. 34  8  See Haldane (2014) and Fischer (1999). BIS central bankers’ speeches  Bank for International Settlements, 2015: “BIS Quarterly Review – International banking and financial market developments”, March.
However CPIX inflation is expected to remain within the target range of 3-6 per cent over the forecast period. The upper turning point is expected to occur in the first two quarters of 2006 at a level just below 6 per cent. Thereafter, CPIX inflation is expected to resume a moderate downward trajectory.