(b) the need to provide fair and reasonable compensation for judges in light of prevailing economic conditions in the province and the overall state of the provincial economy, (ontario.ca)
The two groups have conspired to enact into law automatic «escalators» that propel state spending ever upward, regardless of prevailing economic conditions, failures to deliver services, or common sense. (nymag.com)
Hence those who believe in a low rate will consent to pay high prices for bonds... while those who believe in a high rate will insist on low prices... Thus investors will be bullish or bearish on bonds according to whether they believe low or high interest rates to be suitable under prevailing economic conditions. (csinvesting.org)