Looking ahead, as the observed inflation rate rises toward 2 percent, which itself will push up inflation expectations, medium- to long-term inflation expectations are also likely to rise toward 2 percent.
There is also movement on the international front: the International Financial Reporting Standards (IFRS) Foundation launched a new standard-setting board — the International Sustainability Standards Board (ISSB) — aiming to deliver a global baseline standard for sustainability-related disclosures that provide investors and other capital market participants with information about sustainability-related risks and opportunities .