BIS central bankers’ speeches  3  Dear friends and colleagues, There are many tasks to be pursued if we are to realize our vision through actual deeds, rather than seeing it stay as a mere catchword. I would say that the following challenges await those departments with responsibilities related to actual policy.
By contrast, a more notable push to consumer price growth came from an increase in prices of petroleum products on the back of rising global oil prices early in the year, and prices of cigarettes following the regular adjustment of excises to consumer price growth in the prior year. In the year to date, there have been almost no increases in administered prices.