Once we strip away these very volatile items, underlying price pressures look more similar, pointing to a significant degree of global price synchronisation. 2/8  BIS central bankers' speeches  This can also be seen when looking at the evolution of financial market expectations.
On 8 June 2006 the ECB’s Governing Council increased the key ECB interest rates by 25 basis points, thus further adjusting its monetary policy stance after the interest rate increases in December 2005 and March 2006.