Inflation
King says UK inflation may dive
Bank of England governor Mervyn King said Tuesday 24 April that he expects the CPI annual inflation rate to fall back sharply in the next 4-6 months.
Bank of Canada holds rates unchanged
The Bank of Canada announced Tuesday 24 April that it is maintaining its target for the overnight rate at 4 1/4 per cent. The bank said Canadian economic growth has been roughly in line with its expectations.
Interview with Dallas Fed's Fisher
In an interview with USA Today, published Monday 23 April, Dallas Fed president Richard Fisher says gaining a better knowledge of globalisation may help the Fed tackle inflation.
Fed's Mishkin on the U.S. economic outlook
In the speech 'The U.S. economic outlook' given on 20 April Frederic Mishkin of the Federal Reserve said 'elevated' core inflation should come down if US interest rates stay at current levels.
Richmond's Lacker on inflation and unemployment
In the speech 'Inflation and unemployment' given on 11 April Jeffrey Lacker of the Federal Reserve Bank of Richmond said the centrality of inflation expectations in the modern Phillips curve reinforces the importance of consistency and credibility in…
Garganas says press reports wrongly quote him
Bank of Greece governor and European Central Bank committee member Nicholas Garganas issued a press release Monday 23 April denying making a statement in press reports that a stronger euro may mean the ECB doesn't have to raise interest rates again.
King 'determined' to get UK prices down-report
The Yorkshire Post reported Friday 20 April that Bank of England governor Mervyn King has said the central bank is get inflation back on track to its 2 percent target.
King finally writes his 'Dear Gordon' letter
Bank of England governor Mervyn King had to explain to UK chancellor Gordon Brown this week why inflation had exceeded the bank's target. This article by John Berry of Bloomberg looks at King's failure to be boring.
Minutes show 7-2 vote to hold UK rates
Bank of England Monetary Policy Committee members voted 7- 2 to keep interest rates unchanged for a third month in April, with Timothy Besley and Andrew Sentance in favor of a quarter- point increase, minutes published Wednesday 18 April.
Dutch cb's Wellink on world inflation pressures
Dutch Central Bank President Nout Wellink said on Saturday 14 April to the International Monetary Fund that while global inflation pressures have receded they are still a concern.
Canada's Kennedy on uncertainty in monetary policy
In the speech 'Dealing with uncertainty in the conduct of monetary policy' given on 12 April Sheryl Kennedy of the Bank of Canada said that the data, models and indicators the central bank uses to set monetary policy provide only "approximate information…
Chicago Fed's Moskow on US economic outlook
In the speech 'U.S. economic outlook' given on 11 April Michael Moskow of the Federal Reserve Bank of Chicago said the risk of inflation staying stubbornly high is still greater than the possibility of economic growth falling too low.
Sveriges Riksbank Economic Review, No 1 2007
The Sveriges Riksbank published its Economic Review No 1 2007 on Wednesday 4 April. The latest edition includes the article "The role of academics in monetary policy: a study of Swedish inflation targeting".
Fed minutes show core inflation as policy risk
Federal Reserve officials on the Federal Open Market Committee continued to view the current rates of core inflation as "uncomfortably high" at their meeting last month, according to minutes released Wednesday 11 April.
Fed's Stern: Perspectives on the economy
In the speech 'Perspectives on the economy' given on 29 March Gary Stern of the Federal Reserve Bank of Minneapolis said the United States economy is "anything but fragile" and that the worst of the housing market crunch might be over.
SARB says SA credit not immediately inflationary
South Africa's central bank governor Tito Mboweni said on Thursday 12 April the country's household spending and credit were not immediately inflationary but warned that bank lending remained "uncomfortably high".
IMF Paper: Balance of payments crises under IT
This IMF Working Paper analyzes a small open economy model under inflation targeting. The Paper shows why such a monetary regime is vulnerable to speculative attacks that take place over a short period rather than instantaneously.
Plosser says committing to policy goal important
Federal Reserve Bank of Philadelphia president Charles Plosser said on Tuesday 10 April that committing to a policy goal and providing more information about the central bank's aims would help keep inflation expectations in check.
BOJ's Inaba warns on low short-term rates
Short-term interest rates left at too low levels for too long could ignite inflation concerns among investors, which in turn could push up long-term rates, a senior Bank of Japan official told lawmakers Wednesday 11 April.
BOJ new members see sustained, gradual recovery
Seiji Nakamura and Hidetoshi Kamezaki, who recently joined Bank of Japan's nine-member policy board, told a press conference on Wednesday 11 April they see a sustained but gradual expansion of the Japanese economy and a mild rise in inflation going…
Hungary's cb says inflation expectation still risk
There remains a risk that inflationary expectations may stabilize at higher levels than previously forecast by the Hungarian National Bank (MNB), Henrik Authg, vice president of the central bank said on Wednesday 11 April.
RBI concerned over inflation
The governor of the Reserve Bank of India is believed to have told money market dealers that it is concerned about the capital flows into the country, reported CNBC-TV18 on Tuesday 10 April.
Knight on inflation targeting in emerging markets
In the speech 'Inflation targeting in emerging market economies' given on 4 April Malcolm Knight of the BIS said inflation targeting is not of course the only way to build monetary policy credibility.
Guerrero says India's inflation well contained
India's annual inflation of 6.5 percent is not that high when considering the nation's strong economic growth, a senior World Bank official said in an interview this week.