All these indicators proved to be very important for assessing the current economic situation and for monetary policy decisions. Consequently, financial market are not just important for the transmission of monetary policy, they also supply us with important information for monetary policy decisions. Furthermore, financial development has increased the number of instruments from which such information can be derived.
On the price front, the year-on-year rate of change in the consumer price index (CPI) for all items less fresh food is about 0 percent.