BIS Review 109/2009  1  This inflation outlook is consistent with the September 2009 ECB staff projections, which have been revised slightly upwards compared with the June projections, mainly owing to higher energy prices. The Governing Council considers the risks to this outlook to be broadly balanced.
So, at the end of this review process, banks will very likely face a situation where the prices for cross-border direct debits will not be allowed to be higher than the prices for national direct debits. This may have an additional dampening effect on prices.