Therefore, for the time being, the CPI is expected to continue to rise clearly on a year-on-year basis. I mentioned earlier that some firms in the food products industry are passing their higher costs on to sales prices, and wholesale and retail prices of imported goods, such as personal computers and handbags, are also being raised in some cases.
Inevitably, since there could be spillovers from failures, and since banks and others would accept funds from the general public, there would end up being a degree of regulation. And so the history of banking and finance is not just a history of financial innovation, it is also a history of regulatory response. That regulatory response has had its own quite pronounced cycles.