Here in the US, we met a lot of experts at the  BIS Review 50/2009  1  Federal Reserve Board, Federal Reserve Bank of New York, Federal Deposit Insurance Corporation (FDIC) and Resolution Trust Corporation (RTC), all of whom were generous enough to share their experiences and insights with us.
Of greater significance perhaps is the fact that the average unit labour cost increases amounted to 5,2 per cent in the fourth quarter of 2003 and an average of 5,0 per cent for the year. Although the trends are promising, the Monetary Policy Committee will be watching these developments carefully. 5.