Inflation
Solomon Islands ‘still adjusting’ to new central bank legislation
Board aiming to achieve one of the lowest inflation rates in region under new price stability mandate; central bank turns to government for recapitalisation after forex losses
Irish inflation is domestically determined, central bank economists find
Paper by Central Bank of Ireland deputy governor Gerlach and colleagues challenges traditional view that Irish inflation dynamics are determined abroad
Monetary policy stance will 'continue to be tight', says Turkish central bank
Central Bank of the Republic of Turkey, which lowered interest rates last week, says slowdown in consumer loans and weak private demand is expected to keep lid on inflation
Inflation report forecasts tend to be right, research shows
IMF and Czech National Bank economists check inflation outcomes against central bank predictions, finding them to be broadly in line
Bank of Korea predicts sharp inflation increase
South Korea’s central bank expects annual inflation to climb above 2.5% in the fourth quarter, suggesting the MPC will turn its attention to rate increases later this year
Paul Krugman calls for higher inflation targets at ECB Forum
US academic ruffles feathers at conference in Portugal by arguing that higher inflation targets are more desirable now than they were a decade ago; Ottmar Issing disagrees
Turkish rate cut baffles markets as inflation heads for double figures
Turkey's central bank cut rates today despite inflation of almost double the target level; deputy governor tells CentralBanking.com the focus must return to price stability
Bank of Tanzania praised for ‘skilfully’ lowering inflation
The IMF praises Tanzania authorities for generating ‘rapid’ growth while clamping down on inflation and encouraging development of sovereign wealth fund
Draghi points to ECB action next month
European Central Bank holds rates but is ‘comfortable’ with the prospect of easing monetary policy following next month’s economic forecasts
Bank of Italy wary of emerging market risk
Italy’s central bank reports improving financial conditions in the eurozone, but remains wary of low inflation and emerging market slowdown
OECD urges ECB to cut key rate
The OECD chief economist calls on the European Central Bank to cut its main refinance rate to zero and prepare for ‘additional non-conventional stimulus’
Inflation rebound eases pressure on ECB
An increase in annual inflation and an improving credit outlook will help ease the pressure on the European Central Bank governing council, which meets in Brussels next week
Bundesbank’s Dombret unperturbed by rising house prices
Andreas Dombret says prices are still tied to fundamentals in German economy, though he would be more concerned if lending began to rise alongside house prices
Turkey's Başçı says inflation will peak in May
Central Bank of the Republic of Turkey governor Erdem Başçi says current account deficit to shrink 'substantially' in 2014 at conference hosted by National Bank of Macedonia in Skopje
Bank of Russia hikes interest rates amid growing signs of stagflation
The Bank of Russia raised its suite of interest rates by 50 basis points after one percentage point inflation increase since mid-March; says ‘persistently high' oil prices have ‘stabilising effect'
Riksbank minutes reveal fissures on ‘leaning against the wind' amid low inflation
The Riksbank's decision not to cut interest rates amid weak inflation earlier this month was preceded by heated debate, minutes show
Chile paper finds increased pass-through from international to local inflation in OECD
Analysing pass-through in 31 OECD countries, working paper also finds 'heterogeneity in size and statistical significance - especially important at the core level'
Bank Indonesia sets sights on regional inflation
Indonesia’s central bank signs MoU with government to signal greater focus on regional price stability, as it looks to shackle high levels of inflation
Supply chain integration drives closer price co-movement, BIS paper finds
Headline inflation rates and producer prices move more closely together between Asian economies that trade more with one another, BIS paper shows
Buba's Dombret says ECB agrees there are limited risks of deflation
Low inflation in the eurozone should not become deflation, Andreas Dombret says in a speech at the Dallas Fed, as current low inflation reflects unique factors
Kyrgyz governor steps down after three years
Governor announces intention to leave central bank before term is up due to ‘family circumstances’; emphasises success of ‘radical reforms’ in past three years at the helm
Central Bank of Brazil raises Selic rate amid uptick in inflation
Central Bank of Brazil hikes rate by 25bp to 11% following upward revision of inflation for 2014; analysts predict an end to year-long tightening cycle
Draghi opens door to QE as ECB holds
European Central Bank president Mario Draghi says governing council discussed asset purchases in latest meeting; votes to hold rate despite more disinflation
RBI holds rates as inflation follows ‘glide path’
Central bank holds key rate at 8% as tighter policy works its way through the economy; household inflation expectations continue to fall