Let us not be discouraged by those, but use a position of relative strength to plan for the future and be mindful of the risks that undoubtedly exist. Thank you for your attention. 4  BIS Review 42/2006
According to the latest September 2018 staff projections, inflation is expected to rise to 1.7% in 2018, 2019, and 2020, which is unchanged since the June exercise. The stable path masks changes in inflation components, with the decline in the contribution of the energy component over the projection horizon expected to be offset by the gradual increase in underlying inflation.