Inflation targeting
Bank of Canada paper compares price-level and inflation targets
Working paper considers effect of global commodity price shocks on choice of monetary policy regime; finds important impact of energy supply and demand
Japanese prime minister nominates new rate-setters
Two new board members put forward by Yoshihiko Noda; nominations need approval by both houses of the Japanese parliament
Shirakawa discusses BoJ monetary policy
Governor of Bank of Japan considers central bank’s monetary policy stance and explains the rationale behind recent policy decisions
Sarb publishes Monetary Policy Review
South African Reserve Bank Monetary Policy Review notes continuing global uncertainty; central bank decides to maintain repurchase rate of 5.5%
Serbian vice-governor considers inflation outlook
Bojan Marković, presents the National Bank of Serbia’s May inflation report; inflation expected to return to target despite uncertainty
IMF calls for looser monetary policy in the UK
Latest Article IV review of UK urges further QE or a cut to policy rate; Fund calls on Bank of England to act to boost growth
Sarb paper examines inflation annoucement influence on currency market
South African Reserve Bank working paper examines link between inflation announcements and short-term currency fluctuations in South Africa
Central banks are now ‘market makers of last resort’, says Fischer
Bank of Israel governor Stanley Fischer says central bankers have learnt a lot about the liquidity trap and expansionary monetary policy since the advent of the global financial crisis; explains thinking behind Israel’s rate rise in July 2009
Riksbank presents monetary policy report to Swedish parliament
Swedish central bank outlines monetary policy decisions from 2011; reveals international pressures hampered growth
Norway's Olsen discusses factors that shape interest rate policy
Norges Bank governor advocates interest rate policy that considers more than just the inflation target; says impact on output also relevant when setting rates
Central Bank of Brazil research investigates control amid rising inflation trends
Brazilian central bank publishes research showing the ability to simultaneously stabilise the inflation rate and the output gap reduces as inflation trend rises
BoJ to continue easing until it hits 1% inflation goal
The Bank of Japan says it plans to continue "powerful easing" until a 1% inflation target is in sight but rejects motion to increase its asset purchase programme by another 5 trillion yen
Philippines confirms inflation target for 2012–14
Central Bank of the Philippines reveals government has fixed inflation target for 2012-14; target to remain the same as it was for the last three years
Carney expresses faith in flexible inflation targeting
Bank of Canada governor says flexible inflation targeting provides “robust framework for all seasons”
Inflation targeting: a child of our time?
Starting in 1989 inflation targeting has come of age. But does it have the durability to withstand severe economic and financial shocks, or was it simply a child of its time that cannot mature?
Q&A: Central Bank of Colombia governor José Darío Uribe
The governor of the Central Bank of Colombia talks to Christopher Jeffery about the challenges the bank faced during the global financial crisis and its objectives for the future in a changing regulatory environment
Shirakawa compares Bank of Japan’s inflation goal to Fed's
Masaaki Shirakawa says Federal Reserve and Bank of Japan new inflation goals are "basically the same"
BoE sees strong possibility of inflation undershooting its target
Bank of England February Inflation Report shows inflation in UK is more likely to be below than above its 2% inflation target over the next three years
Japan 'clarifies' monetary policy stance amid criticism
Bank of Japan again increases size of asset purchase programme and sets an inflation target; follows political pressure that Japan is sending the message deflation is acceptable
The Fed’s flawed PCE inflation targeting regime
The Fed’s move to adopt inflation targeting (IT) was long expected. But economists Peter Warburton and Joanna Davies say the US central bank will be targeting inflation on its own terms
Fed's new monetary policy strategy is "flexible inflation-targeting", says Bullard
Federal Reserve Bank of St Louis president James Bullard says putting an explicit inflation target together with a sensible stabilisation policy is flexible inflation-targeting
Inflation-targeting central banks should be dissuaded from dual mandate, says St Louis Fed paper
St Louis Federal Reserve study says how Federal Reserve should respond to aggregate supply shocks is unclear if it is to pursue inflation targeting under a dual mandate
Dominican Republic confident in new inflation target; holds rates
Central Bank of the Dominican Republic leaves rates unchanged at first meeting since introducing a new inflation targeting framework; says it will meet 5.5% inflation target by the end of 2012
Fed communication overhaul reveals split in rate forecasts
Federal Reserve survey of individual policy-makers’ interest rate expectations shows five-year split on when to make first federal funds rate rise; Fed falls short of inflation target