Inflation
BoE's Blanchflower downplays 'dove' tag
Bank of England Monetary Policy Committee member, David Blanchflower, has attempted to downplay the market's view of him as an interest rate dove in an interview with the Guardian published Monday 29 January.
ECB's Trichet sees risk of inflation spiral
European Central Bank president Jean-Claude Trichet told French television there is a risk of an increase in inflation in the eurozone and noted that ECB rates are well below those of the US Fed.
ECB's Stark on policy efforts for 2007
In the speech 'Applause for 2006 should not abate policy efforts for 2007' given on 25 January Jurgen Stark of the ECB warned of inflation risks in the eurozone and reiterated that the central bank will act to preserve price stability.
Kansas Fed's Hoenig on monetary policy in 2007
In the speech 'The national economy and monetary policy in 2007' given on 19 January Thomas Hoenig of the Federal Reserve Bank of Kansas City said there has been a discrepancy lately between the views of FOMC members, as summarised in the Committee's…
Ingves on Sweden's inflation target
In the speech 'Swedish experiences of monetary policy with an inflation target' given on 19 January Stefan Ingves of the Sveriges Riksbank said it is difficult to say anything else than that the changeover in economic policy in Sweden at the beginning of…
BoE's King on UK inflation and monetary policy
In a speech given on 23 January Mervyn King of the Bank of England said inflation in the UK could fall quite sharply this year and that there was room for reasonable people to disagree about the timing or level of interest rate changes. On Wednesday the…
Redrado on monetary policy in Argentina
In the speech 'Overview of monetary and financial policy in Argentina' given on 20 December Martin Redrado of the Central Bank of Argentina said the main obstacle to implementing inflation targeting is the small size of the financial system.
Noyer says no conflict on price stability, growth
Bank of France governor and ECB governing council member Christian Noyer told the Liberation newspaper on Tuesday 23 January current monetary conditions are favourable for growth and there is no conflict between price stability and economic growth.
Buba's Fabritius sees German GDP growth down
Bundesbank executive board member Hans Georg Fabritius said in a speech German GDP growth is expected to be 1.75% this year, down from a 2.7% growth rate in 2006.
BIS' Knight on challenges of monetary policy
In the speech 'Objectives and challenges of monetary policy' given on 19 January Malcolm Knight of the BIS said a number of central banks intent on preventive action have actually turned to the use of supervisory instruments to promote credit restraint.
Richmond Fed's Lacker on the economic outlook
In the speech 'Economic outlook' given on 19 January Jeffrey Lacker of the Federal Reserve Bank of Richmond said the possibility of resurgent inflation remains the biggest risk to policymakers.
Stark on monetary policy: a view from the ECB
In the speech 'Objectives and challenges of monetary policy: a view from the ECB' given on 19 January Jurgen Stark of the ECB said the ECB retains the freedom to move interest rates whenever it considers it necessary to control inflation pressures,…
ECB's Liikanen says inflation remains a big risk
European Central Bank Governing Council member Erkki Liikanen said there were still upside risks to inflation in the eurozone, Finnish national broadcaster YLE reported Sunday 21 January.
Buba's Weber warns on German wage hikes
Bundesbank president Axel Weber warned Friday 19 January that sharp wage increases in Germany could set off a new round of inflation and hinder the European Central Bank's price stability goal.
Cleveland Fed's Pianalto on economic conditions
In the speech 'National and regional economic conditions' given on 18 January Sandra Pianalto of the Federal Reserve Bank of Cleveland said financial markets seem confident that the Federal Reserve will bring inflation back down, but there is a risk…
SF Fed's Yellen on the U.S. economy in 2007
In the speech 'The U.S. economy in 2007: Prospects and puzzles' given on 17 January Janet Yellen of the Federal Reserve Bank of San Francisco said inflation is too high at the moment, but the current level of a key interest rate is high enough to bring…
EU's Almunia positive on 2007 inflation
European Union Monetary Affairs commissioner Joaquin Almunia said Thursday 18 January eurozone growth and inflation should be roughly in line with 2006 figures this year thanks largely due to a positive outlook for Germany.
Rosenberg: Introducing own path for the repo rate
In the speech 'Riksbank to introduce own path for the repo rate' given on 17 January Irma Rosenberg of the Sveriges Riksbank said the central bank will start issuing its own repo rate forecasts when it publishes its predictions for inflation.
BoE's Sentance on inflation and the UK economy
In the speech 'Inflation and the supply side of the UK economy' given on 16 January Andrew Sentance of the Bank of England warned that the level of domestic demand in the UK needs to restrained in order to bring inflation back to the level targeted by…
A reassuring Reserve
According to this article from the Financial Times, published Thursday 11 January, the Federal Reserve's decision to halt its series of interest rate rises in June last year now looks to have been correct.
PBOC chief wants more data before decision
Chinese central bank governor Zhou Xiaochuan said on Wednesday 10 January in comments to Reuters he was waiting to see more economic data before making any decision to change interest rates.
IMF paper on benefits of inflation targeting
The IMF Working Paper 'Testing the transparency benefits of inflation targeting: Evidence from private sector forecasts' tests whether inflation targeting (IT) enhances transparency using inflation forecast data for 11 IT adoption countries.
BOK targeting 2.5-3.5 percent inflation
The Bank of Korea aims to keep annual inflation between 2.5 percent and 3.5 percent for three years beginning this year, it said Monday 8 January.
PBOC raises bank reserve requirement
The People's Bank of China said Friday 5 January it had raised the reserve requirement for commercial banks in a bid to stem a rising tide of liquidity in the banking system.