In the first half of 2005, real GDP growth in the euro area remained moderate and there were heightened uncertainties with regard to the short-term evolution of domestic demand. Annual HICP inflation eased to 2.0% on average in the first half of 2005, mainly reflecting base effects.
On rainy days, the  BIS central bankers’ speeches  income for the narrow bracketing is achieved more easily as the targeted earnings are achieved for the day early. Hence, many taxi drives take rest earlier than usual, thereby aggravating the problem of finding taxis on rainy days and also depriving them of higher earnings on such days.