Inflation
MAS holds policy on back of stubborn core inflation
Monetary Authority of Singapore says it will let the S$NEER appreciate at a 'modest and gradual' rate in its semi-annual monetary policy statement
Armenian central bank looks to spark inflation ‘rebound’
Central Bank of Armenia says it will continue ‘loosening’ monetary conditions as it looks to return annual CPI inflation to its 4% target
Significance of Swedish debt levels for Riksbank policy ‘exaggerated', says deputy
Per Jansson says expansive policy helped Sweden manage crisis better than many other countries; adds higher inflation is Riksbank's top priority
Czech economy generating ‘noticeable inflationary pressures’
Czech National Bank board members point to ‘rapid’ rise in wages as indicator of inflationary pressures, but remain concerned by price developments in the eurozone
Rajan turns attention to 2016 inflation target
Reserve Bank of India holds key rates as headline inflation drops to 7.8%; Rajan says policy will be set to achieve 6% target by January 2016 from this point onwards
Brazil central bank director vows quick response to inflation
The monetary policy committee of the central bank will evaluate whether the interest rate needs to be raised to battle inflation, says director, and will act quickly if necessary
BIS paper unveils refined measure for Chinese inflation
Joint effort by economists at the BIS and People’s Bank of China yields new measure of Chinese inflation, which authors say addresses issues with headline and core measures
Kocherlakota suggests two-year timetable on 2% target
Minneapolis Fed President says lack of a time frame suggests 'appropriate monetary policy might engender inflation that is far from the 2% target for years at a time'
RBA bulletin considers Indian inflation measures
Research looks at differences between WPI and CPI, noting that prices have increased at a ‘much faster pace’ in the latter
Brazilian MPC says inflation will converge to target within two years
Annual inflation in August was 6.5%, but the central bank believes it will reach the target of 4.5% in the ‘early quarters of 2016'
Euro adoption linked to ‘modest’ increase in Estonian inflation
Bank of Estonia economists say the strongest inflationary effects were on food products, six months before the changeover
Chile and Peru cut key rates by 25bp citing 'low dynamism'
Both central banks point to a lack of “dynamism” in their economies as they cut their key interest rates; Peruvian statement stresses the decision does not imply a sequence of rate cuts
Draghi sets out national reforms necessary to revive investment
ECB president says inflation will not fully recover until investment increases, which is dependent on national governments pursuing structural reforms
Mexican deputy says 3% inflation target could be difficult
Manuel Sánchez, deputy governor of the Bank of Mexico, says the country’s inflation could remain above 3% and describes the target as 'difficult' and 'challenging'
BoJ focused on ‘underlying trend of prices’
The Bank of Japan kept policy steady in August; minutes from policy board meeting reveal members’ discussion about importance of using a range of price indicators
Jamaican governor hails resilience to inflation shocks
Bryan Winter says the country’s reform program has enabled inflation to remain low despite sharp depreciation in currency; reveals new design of monetary policy report
ECB faces ‘significant’ decline in inflation expectations
Mario Draghi raises prospect of ECB action in the face of a ‘significant decline’ in medium and long-term inflation expectations in the eurozone
Rwandan central bank sees inflation and interest rates drop in H1
Semi-annual financial stability statement finds reasons to be cheerful as inflation comes in below target and market rates fall, in line with monetary policy
RBA does not see inflation pick-up as threat to target
Minutes from latest board meeting show RBA staff expect inflation to remain ‘consistent’ with target despite annual CPI inflation hitting 3% in June
Ghana requests IMF bailout to bridge fiscal deficit
IMF deputy director will send a team to Accra early next month to initiate discussions; Ghanaian cedi is world's worst performer so far this year
Bank of Japan expects inflation to remain short of target for ‘some time'
BoJ policy board votes to continue expanding monetary base by ¥60-70 trillion annually; effects of recent decline in demand ‘expected to wane gradually'
ECB hiring consultant to help design ABS programme
Mario Draghi says the preparations towards buying asset-backed securities are being made ‘with the expectation we will take action in this field’
Bank of Israel expects 0.4% inflation for 2014
Low rates prompted by flagging domestic demand, appreciation of the shekel and low inflation environment worldwide, bank says in monetary policy report
Bundesbank economists propose indicator for price competitiveness
Working paper published by the European Central Bank develops new indicator for international price competitiveness in an attempt to provide a tool for policy analysis