Inflation
Prospects for India's economy - Reddy
The Reserve Bank of India will try contain inflation at close to 5%, said Dr Y.V. Reddy, the central bank's governor, in a speech in Chile.
Bank of Lithuania - Annual Report 2006
Lithuania's chance of joining the euro will be after 2010, the governor of the central bank candidly admits in the annual report for 2006.
SARB raises rates as inflation soars
The South African Reserve Bank raised the key repo interest rate by 50 basis points to 9.5% on 7 June, after inflation surged through the upper band of the central bank's 3% to 6% target range in April.
South Korea keeps key rate unchanged at 4.5%
The central bank of South Korea today decided to keep its key interest rate steady for the tenth month in succession, in an effort to boost economic recovery.
Peru's rates steady as inflation remains subdued
Peru's central bank yesterday held the overnight lending rate unchanged for the thirteenth consecutive month at its five-year high of 4.5%. Infaltion remains low and stable, despite rapid economic growth.
NZ interest rate up to record 8%
The markets were taken by surprise on 7 June when the New Zealand central bank raised its key interest rate to a record 8% from 7.75%, in efforts to stem inflation.
Brazil cuts lending rate to record low of 12%
Following the recovery of the Brazilian currency, which has held inflation at an eight-year low, the central bank lowered the benchmark lending rate by half a percentage point to a record low of 12%.
Bank of England maintains bank rate at 5.5%
The Bank of England's Monetary Policy Committee (MPC) has voted to maintain the official bank rate paid on commercial bank reserves at 5.5%.
Australia keeps rate at six-year high
Glenn Stevens, Governor of the Reserve Bank of Australia, announced on 6 June that the central bank would keep its benchmark interest rate unchanged for the sixth meeting in succession. Rates remain unchanged at a six-year high of 6.25%.
Polish inflation within target range - governor
The governor of the National Bank of Poland, Slawomir Skrzypek, says inflation should remain within the central bank's target range of 1.5% to 3.5% until mid-2008.
Bank Indonesia more bullish
Bank Indonesia, the country's central bank, has upgraded its national economic growth forecast for this year from 6% to 6.2%. The latest inflation figures are also better than those forecast by the central bank.
Risks rising for emerging markets - RBI's Reddy
Y.V. Reddy, the governor of the Reserve Bank of India, has warned that new financial market players and instruments, as well as greater market integration, mean that the risk of contagion to emerging economies may have grown.
Ball: globalisation does not affect inflation
A recent paper by Laurence Ball for the National Bureau of Economic Research suggetss that "globalisation has had little effect on the rate of inflation in the United States."
Pig disease threatens inflation rise in China
Food prices, especially those of pork and eggs which make a substantial contribution to the country's inflation rate, are being closely watched by the People's Bank of China.
Serbian inflation on the rise
The governor of the National Bank of Serbia says the central bank expects the country's overall inflation rate to reach 6% this year.
Bernanke: US inflation slowing, but risks remain
Federal Reserve Chairman Ben Bernanke says US core inflation "seems likely to moderate gradually over time", but there are "upside" risks to this forecast.
Inflation expectations contained - Turkey's Yilmaz
Speaking at a conference celebrating the 75th anniversary of the Central Bank of the Republic of Turkey, governor Durmus Yilmaz said the central "strong reaction" to financial turmoil in 2006 "have contained inflation expectations" and that these will …
Russian central bank predicts fall in inflation
The first deputy chairman of the Russian central bank, Alexei Ulyukayev, said on 4 June that the country's inflation is likely to fall to 5.2% for the first six months of this year, one percentage point down on the same period in 2006.
Spain's Ordoez: immigration keeps inflation low
Miguel Ordoez, the governor of the Bank of Spain, said that immigration into Spain has helped keep inflation rates relatively low, in a speech at a symposium on the Phillips curve and the natural rate hypothesis in Kiel, Germany on 3 June.
Kroszner on risks and outlook for US economy
Economic growth will in the US pick up through 2007, rising to close to potential by 2008, said Randall Kroszner, a member of the Board of Governors, at the spring meeting of the IIF in Athens, adding that the risks to the inflation outlook are primarily…
ECB's Papademos hints at rate rises
In one of the strongest hints at further rate rises for the eurozone later this year, Lucas Papademos, the Vice-President of the European Central Bank, said forecasts for economic growth in 2007 and 2008 are above the region's potential.
Fed minutes reveal worries over inflation, housing
The minutes of the latest monetary policy meeting of the Federal Reserve contained few surprises, but underlined the fact that policymakers remained concerned about an "upward drift in inflation expectations".
Fundanga on the outlook for the Zambian economy
After recording single-digit inflation for the first time in 30 years last year, Zambia's economy has slipped back somewhat in the first quarter of 2007, the governor of the central bank, Caleb Fundanga, told national radio.
Nishimura sees third quarter inflation rise
Kiyohiko Nishimura, a board member of the Bank of Japan, says inflation is likely to rise in October this year.