Inflation
Wellink throws hat into ring as ECB race continues
Netherlands Bank president Nout Wellink signals interest in top European Central Bank role; stresses anti-inflation stance, opposition to E-bonds
Norway's Olsen: price stability remains central bank's priority
Norges Bank governor Øystein Olsen says price stability will remain primary monetary policy objective despite low inflation experienced in Norway over recent years
Central banks should consider price-level targeting: CentralBanking.com poll
Fifty-three percent of voters in CentralBanking.com poll think central banks should mull switch to price-level targeting framework
RBA minutes: rates on hold as flood damage assessed
Minutes of Reserve Bank of Australia rate-setting meeting relay concerns over impact of floods on economic outlook; cautious over rising commodity prices
Buba study on robustness of monetary policy
Bundesbank research examines whether misspecification may have consequences on robustness of monetary policy decisions
Inflation may hit 5%, but we couldn’t have done it different: King
Bank of England’s Inflation Report says inflation will likely soar further; medium term outlook shifts slightly as spare capacity margin revised downwards
PBoC to lend to drought-wracked agricultural sector
People’s Bank of China says it will lend for agricultural purchases and drought relief to stymie effects of continuing drought
Inflation benefits poor, hurts rich: Central Bank of Chile paper
Central Bank of Chile study shows contrary to conventional wisdom inflation has negative affects on welfare of rich but benefits the poor
King acknowledges risk of wage-price spiral as inflation climbs to double Bank’s target
Inflation of 4% in January prompts Bank of England governor Mervyn King to pen another letter to the chancellor; letter acknowledges mounting inflationary pressures
Kansas City Fed paper on search frictions in monetary policy
Kansas City Federal Reserve paper finds evidence of indeterminacy in monetary policy in models with labour markets search frictions
Czech National Bank - Inflation Report (Q1 2011)
Czech National Bank Inflation Report for January forecasts growth to slow in 2011 due to fiscal retrenchment
NY Fed’s Sack: rise in long-term yields not down to inflation
New York Federal Reserve executive vice president Brian Sack says rise in longer-term interest rate reflects better growth outlook rather than rising inflationary pressures
Inflation often misunderstood: Atlanta Fed’s Lockhart
Atlanta Federal Reserve president Dennis Lockhart discusses common misuse of the term “inflation” in news reports
Bank’s inflation argument ‘fanciful’: ex-MPC’s Julius
Former Bank of England rate-setter DeAnne Julius says inflation expectations risk becoming unmoored; monetary policy acting for financial stability, ex rate-setter Tim Besley adds
Ex-Bank economists parry fears of wage-price spiral
Upsurge in inflation will not pass through into wages, economists at Fathom Consulting believe
PBoC hikes rates again
People’s Bank of China raises rates for second time in less than two months amid rising food prices; analysts predict further rate hikes this year
Bank of Israel inflation report finds rate moving higher
Bank of Israel fourth-quarter 2010 Inflation Report finds evidence inflation is beginning to edge upward on higher energy and food prices
Bank’s Weale explains thinking behind vote for hike
Bank of England external rate-setter Martin Weale says fear of higher inflation expectations becoming ingrained is real
Pakistan adopts wait-and-see tack despite high inflation
State Bank of Pakistan, buoyed by improvement in government borrowing, current account surplus, thwarts expectations of rate hike
Philippines’ Tetangco to get second term: reports
Central Bank of the Philippines governor Amando Tetangco reportedly set to be offered second term at the helm; Tetangco credited with anchoring inflation expectations following recent spikes
Bank’s Weale joins Sentance in vote for rate hike
Bank of England’s external MPC member Martin Weale joins Andrew Sentance in vote for 25-basis point rate hike; decision marks growing divisions in rate-setting committee
Supply shocks are dictating inflation, King insists
Bank governor reiterates view that temporary events are keeping prices elevated, says development of second-round effects key to picture on underlying inflation; remarks divide analysts
Reserve Bank of India - Financial Stability Report (December 2010)
Reserve Bank of India December 2010 Financial Stability Report says Indian economy rebound strongly despite measured risks
Central Bank of Turkey - Inflation Report (January 2011)
Central Bank of Turkey January 2011 Inflation Report revises inflation forecast for food prices upward