Earthquakes can be explained as natural phenomena. When, where and with what force an earthquake strikes cannot be predicted with any accuracy, however. It is nevertheless possible to say in advance which regions are at severe risk from earthquakes and which are less exposed.
BIS Review 114/2006  1  Regarding the future path of monetary policy, the Bank will conduct monetary policy by carefully assessing economic activity and prices under the new framework. If developments in economic activity and prices follow the Bank's projection presented in the Outlook Report, the Bank will adjust the level of the policy interest rate gradually in the light of these developments.