Inflation targeting
Focus on banks’ incentives must continue post-crisis: Bank’s Bean
Bank of England deputy governor Charles Bean says crisis focus on bank incentives must remain; financial market problems require macroprudential instruments
Bernanke dismisses higher inflation targets, unconvinced on conditional commitment
Federal Reserve chairman Ben Bernanke rejects higher inflation targets; says conditional rate commitment too risky, despite success in Canada
Canada's Murray: 2% inflation target not necessarily optimal
Bank of Canada deputy John Murray says inflation targets could be even lower than 2%
Bank of Canada on inflation expectations
Bank of Canada Review features articles on targeting inflation expectations, rate pledges and using monetary policy to tackle imbalances
Rand volatility a by-product of open economy: Sarb’s Mminele
South African Reserve Bank deputy governor Daniel Mminele says currency fluctuations are to be expected; stresses opposition to fixed exchange rate, dropping inflation targeting
King writes third letter in a row to government explaining above-target inflation
Bank of England governor Mervyn King pens year's third letter to account for inflation of more than one percentage point above target; stresses health of long-term expectations, but economists unsure
Bank leaps to defence of off-target inflation forecasts
Bank of England lifts inflation predictions on volatility from short-term shocks, mounting spirited defence of erroneous predictions to date; slightly lowers growth expectations
Minister takes heat off BoJ, calls for Diet to do more against deflation
Senior vice minister Hideo Hiraoka says government must employ fiscal and industrial policy to quell deflation; comments add to growing body of support for Bank of Japan’s policy stance
South Africa in fresh attempt to curb rand volatility
Ruling African National Congress will consider short-term capital inflows tax to curb rand volatility, currency’s strength; party questions merits of Sarb’s hard-won inflation targeting regime
Ex-deputy Muto endorses Bank of Japan’s anti-inflation targeting stance
Former Bank of Japan deputy governor Toshiro Muto says introducing inflation targets, as government wishes, will not cure deflation; analysts agree
BIS: Inflation targeting only one option
Bank for International Settlements study says inflation targeting is not necessarily the only prescription for price stability
Central Bank of Brazil - Inflation Report (June 2010)
Central Bank of Brazil says rising domestic demand will continue to drive inflation above target in 2010
Italian businesses expect inflation to rise, says Bank of Italy survey
Bank of Italy survey shows spike in inflation expectations after central bank notes higher production costs
Abandon pure inflation targeting: India’s Subbarao
Reserve Bank of India governor Duvvuri Subbarao says central banks should not persist with single focus on inflation targeting
EXCLUSIVE: We must review how monetary policy impacts prices, says Plosser
President of Philadelphia Fed says central bankers need to rekindle research into monetary transmission in order to better understand relationship between monetary policy and inflation
Interview: Charles Plosser
President of the Philadelphia Federal Reserve tells Central Banking Publications why central banks must review how monetary policy translates into inflation; warns against viewing monetary institutions as omnipotent
EXCLUSIVE: Ghana’s Amissah-Arthur defends inflation targeting
Bank of Ghana governor Kwesi Bekoe Amissah-Arthur says framework is broader than its critics argue; points to problems in Ghanaian banking sector
Posen breaks with Bank line on inflation
Bank of England’s Adam Posen believes the impact of consistently above-target inflation on expectations has led to high inflation; counters belief that price pressures can be attributed to temporary shocks
Bank’s Fisher on why inflation remains high
Bank of England’s executive director for markets says temporary shocks and lack of downward pressure from economic slack have left inflation above 2% target
Bank’s pledge to support growth could face internal resistance
Government repeats promise of loose monetary and tight fiscal policy even as officials within the Bank of England make the case that inflation is getting out of hand
Korea's Kim joins push for update to central banks' mandates
Bank of Korea governor Kim Choong-soo calls for rethink on attachment to price stability; says central banks should be equally observant of financial stability
Japan’s new finance minister says government will not interfere in BoJ policy
Japan’s newly appointed finance minister Yoshihiko Noda says current central bank stance is fine
Riksbank removes tolerance interval in monetary policy target
Swedish central bank revises the wording of its monetary policy objectives in light of the financial crisis
Israel’s Fischer on inflation targeting
Governor of the Bank of Israel Stanley Fischer stresses achievements of inflation framework