But further declines in oil prices and increases in the foreign exchange value of the dollar suggested that inflation would likely  1  See Board of Governors of the Federal Reserve (2015), "Federal Reserve Issues FOMC Statement," press release, December 16, www.federalreserve.gov/newsevents/press/monetary/20151216a.htm. 2  The Committee's Policy Normalization Principles and www.federalreserve.gov/newsevents/press/monetary/20140917c.htm.
We consider that our  BIS central bankers’ speeches  1  cooperation between the central bank and the supervisor is already at a good level. Having said that, there is always room to improve, and we are working further on that.