2  BIS Review 103/2009  Annual HICP inflation in August was less negative than in July. We expect inflation rates to move into positive territory within the coming months, mainly driven by past developments in energy prices. But following the increase this autumn, inflation rates are projected to remain at relatively subdued levels in 2010.
Populism has become a normal part of the democratic process in today’s Europe, and as democratically-minded people we have to recognise the role it plays. Why does this matter for central banking?