Banks have told us that, “prospective guidance and regulation should be (1) designed to assist institutions of all types and sizes to  Patrick Bolton, Morgan Després, Luiz Awazu Pereira da Silva, Frédéric Samama, and Romain Svartzman, The Green Swan: Central Banking and Financial Stability in the Age of Climate Change (Basel: Bank for International Settlements, January 20, 2020), https://www.bis.org/publ/othp31.htm.
Turning to inflation expectations, the expected inflation rate for the next five years surpassed 1 percent for the first time since 2013, according to an estimation by the Bank's staff based on the results of the Opinion Survey on the General Public's Views and Behavior.