In January, the median of Policy Board members’ forecasts for GDP growth was 3.3 percent for fiscal 2010, 1.6 percent for fiscal 2011, and 2.0 percent for fiscal 2012. 2  BIS central bankers’ speeches  B.
That being said, the U.S. economic policies and their impact on global financial markets warrant attention, and geopolitical risks also could exert downward pressure on economic activity. The Bank will continue to pay close attention to both upside and downside risks. II. Price Developments and Their Outlook Price Developments Now, I will move on to price developments.