Inflation
Cyprus holds rates
The Central Bank of Cyprus decided to leave its benchmark rate at 4.5% on Monday.
Bank of Sierra Leone - Annual Report 2006
The Sierra Leonean economy grew by 7.8% in 2006. The growth was down to a strong mining industry, good relations with trade partners and sound economic policies, said the central bank.
Deputy looks to explain Japan's low inflation
Toshiro Muto, a deputy governor of the Bank of Japan, said he believes there are three reasons why the country's inflation rate has remained low in spite of economic growth.
ECB rate setting analysed
This paper, published by the Institute for Monetary and Financial Stability, uses the ordered-probit technique and variables noted in the European Central Bank's (ECB's) Monthly Bulletin to investigate how the central bank sets rates.
Malaysia holds rates at 3.5%
Bank Negara Malaysia decided to keep its overnight call rate at 3.5% on Friday.
Svensson defends publication of rate path
Lars Svensson, the deputy governor of Sweden's Riksbank, said the central bank had decided to publish an interest rate path because it was impossible to forecast inflation and resource allocation without having an assumption for the interest rate path.
China makes two rate hikes to cool inflation
The People's Bank of China increased its benchmark rate by 18 basis points to 7.02% and its deposit rate by 27 basis points to 3.6% in an effort to stabilise inflationary pressures.
Paper on the new Keynesian Phillips curve
The Richmond Federal Reserve Paper, Inflation dynamics of the new Keynesian Phillips curve, derives the log-linear approximation of the inflation dynamics in the Calvo-model when the average inflation rate is positive.
Bundesbank posts upbeat forecast
The Bundesbank has said that German economy has continued to grow, following a strong first quarter.
Czech deputy sees "significant" rate rise
The Czech central bank should raise rates "significantly" to keep inflation on target, says Ludek Niedermayer, the Czech central bank's deputy governor.
South African Reserve Bank raises rates by 0.5%
The South African Reserve Bank has hiked rates to 10% to combat rising inflation.
Canada investigates inflation, wages and growth
A new working paper published by the Bank of Canada looks at the relationship between steady-state costs of inflation in a general equilibrium model, output growth and staggered nominal price and wage contracts.
Norway raises rates to 4.75%
The Central Bank of Norway has increased its key policy rate by 0.25% to 4.75%, despite acknowledging recent market turmoil.
UK inflation stats lower chances of rate hike
The UK's inflation rate has fallen below its target 2% rate for the first time in 15 months, fuelling speculation that interest rates have peaked at 5.75%.
Inflation will remain low - Taiwan governor
Perng Fai-nan, the governor of the Central Bank of the Republic of China (Taiwan), said that central bank strategy had ensured inflation remained low and stable, and that it would continue to do so.
Australia expects 3% inflation by year end
The Reserve Bank of Australia has revised its inflation forecast to the top of its 2%-3% target range following its latest consumer price index (CPI) figures.
Bank of Finland - Annual Report 2006
The Bank of Finland has published its annual report.
Chilean rates reach five-year high
Chile's central bank lifted its overnight lending rate to the highest in five years, and suggested that additional tightening is likely to be needed to keep inflation anchored around the 3% inflation target.
Kansas Fed tests forecasting models with real-time
This technical paper examines the properties of tests of equal forecast accuracy applied to different regression models. In contrast to earlier work, it takes into account the real-time, revised nature of the data.
Kenya raises rates as inflation rises by a quarter
The Central Bank of Kenya looked to combat mounting inflation on Wednesday with a twenty five basis point increase to its central bank rate.
ECB publishes monthly bulletin
The European Central Bank said it is monitoring prices closely to ensure that the eurozone escapes high inflation in the medium to long term in its latest monthly bulletin.
Australia raises rates to 6.5%
The Reserve Bank of Australia has increased interest rates by 25 basis points in an attempt to ward off inflation.
Fed looks to stabilise economy with rate hold
Against a backdrop of mounting concern over the health of the American economy, the Federal Reserve decided to leave its federal funds rate at 5.25% yesterday.
BoE inflation report suggests rate hike
The Bank of England looks set to raise rates to 6%, after its August inflation report, released on 8 August, indicated that further hikes were needed to bring inflation down towards the 2% target.