Inflation outlook is less than previously assessed. Despite the increase in global oil prices in the second quarter of 2015, domestic retail oil prices fell as the government reduced oil fund levy. In addition, lower fresh food prices and the slower-than-expected economic recovery put further downward pressure on inflation. Nevertheless, the Committee assessed that the probability of deflation is still low as consumption still expands, prices of most of goods and services continue to be flat or increase, and inflation expectations remain near the policy target.