Second, we are examining the types of term purchase and resale facilities that we should make available in times of financial instability or market failure. These facilities could be similar to the term purchase and resale agreements (or PRAs) that the Bank conducted in December and will be conducting again over the next few weeks.
BIS central bankers’ speeches  1  Global Outlook and Risks We particularly put emphasize on these three aspects of global economic and financial outlook and risk: global economic growth, commodity prices, and divergence of monetary policies. In addition, we also monitor closely the development in China, as its important role in the global and regional economy. On the global economic growth.