Estimates suggest December’s tax legislation could boost the growth rate of real gross domestic product (GDP) as much as 1/2 percentage point this year and next.4 On top of that, the recently agreed-to budget 1/4  BIS central bankers' speeches  deal is likely to raise federal spending by around 0.4 percent of GDP in each of the next two years.5  Achieving our inflation objective and sustaining full employment Although the economy is currently around full employment and has been expanding at an abovetrend pace, inflation has remained subdued for quite some time.
Almost 1,100 entities globally have signalled their adherence to the Code's principles by signing a Statement of Commitment. With the publication of the updated Code, the GFXC is encouraging market participants to consider renewing their Statements of Commitment, having regard to the nature and relevance of the updates to their FX market activities.