Inflation
Poole on energy prices and the U.S. business cycle
In the speech 'Energy prices and the U.S. business cycle' given on 2 March William Poole of the Federal Reserve Bank of St. Louis said oil supply shocks need not cause recessions and were no excuse for a central bank to allow inflation to escape its…
Opacity of a credible central bank and inflation
The Discussion Paper "Can opacity of a credible central bank explain excessive inflation?" from the University of Munich shows that, even in the absence of inflationary bias, a credible central bank may find it optimal to implement an accommodating…
BoE's Lomax on the MPC coming of age
In the speech 'The MPC comes of age' given on 28 February Rachel Lomax of the Bank of England highlighted that the central bank will fulfil its duty of meeting the inflation target rate over the medium term.
ECB's Wellink says euro economy good, rates low
European Central Bank governing council member Nout Wellink said on Tuesday 27 February that eurozone interest rates were still low but oil prices are clouding the inflation outlook.
ECB's Stark continues to see inflation risks
European Central Bank board member Juergen Stark told Die Welt Wednesday 28 February that although eurozone inflation will probably slow this year, medium-term price developments remain a concern.
Garganas says price risks growing
European Central Bank council member Nicholas Garganas told Bloomberg in an interview that economic growth may prove stronger than the ECB forecasts and inflation risks are increasing.
Blanchflower on developments in UK labour market
In the speech 'Recent developments in the UK labour market' given on 26 February David Blanchflower of the Bank of England said inflation in the UK is likely to fall back towards target by the middle of 2007 and well below it by the end of the year.
Blanchflower sees UK prices falling pretty sharply
Inflation in the UK will fall back 'pretty sharply' this year, Bank of England Monetary Policy Committee member David Blanchflower said in an interview Tuesday 27 February.
PBoC's Zhou sees yuan appreciating faster
Yuan appreciation is likely to accelerate if the country's trade surplus keeps growing, People's Bank of China (PBoC) governor Zhou Xiaochuan told the Hong Kong Commercial Daily in an interview published Tuesday 27 February.
SF Fed's Yellen on the US economy in 2007
In the speech 'The US economy in 2007' given on 23 February Janet Yellen of the Federal Reserve Bank of San Francisco said she still sees upside risks to inflation but that U.S. interest rates were now "well positioned" to bring inflation down.
Trichet calls for yuan, Asian FX rate appreciation
ECB president Jean-Claude Trichet said Friday 23 February that there should be an appreciation in China's yuan exchange rate and other Asian currencies that aren't free-floating.
Riksbank's views on evaluation of monetary policy
Both the Executive Board and the General Council are presenting their views on the report "An Evaluation of Swedish Monetary Policy between 1995 and 2005". In a press release on Monday 26 February the Riksbank said the Executive Board agrees with several…
Dallas Fed's Fisher 'hopes' inflation may slow
Federal Reserve Bank of Dallas president Richard Fisher said Friday 23 February he remains vigilant on inflation and ``there is hope'' that price indexes may be heading lower.
Sources of inflation in Sub-Saharan Africa
This IMF Working Paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the output gap, and the real money gap.
BoE's Sentance concerned about inflation
Bank of England Monetary Policy Committee Andrew Sentance said Friday 23 February in an interview with The Times he was concerned that a pick-up in demand could boost inflation.
BoE's Bean on the economic outlook
In the speech 'Economic Outlook' given on 21 February Charles Bean of the Bank of England said upside and downside risks to the inflation outlook are dividing Bank of England policymakers and making it difficult to predict which direction interest rates…
SF Fed's Yellen on the U.S. economy in 2007
In the speech 'The U.S. economy in 2007' given on 21 February Janet Yellen of the Federal Reserve Bank of San Francisco said she still sees upside risks to inflation but that U.S. interest rates were "well positioned" to bring inflation down.
RBA's Stevens on the Australian economy
In a speech to the House of Representatives given on 21 February Glenn Stevens of the RBA said it is more likely that interest rates will rise than fall although the central bank is more comfortable with the outlook for inflation than it was six months…
Minutes show 7-2 split on BoE rate vote
The Bank of England's Monetary Policy Committee voted by a 7-to-2 margin to keep its benchmark rate unchanged at 5.25 pct at its meeting earlier this month, minutes showed Wednesday 21 February.
SNB's Roth says rates not high enough yet
Swiss National Bank (SNB) chairman Jean-Pierre Roth said in an interview published Wednesday 21 February that Switzerland's current interest rate level is still not high enough to guarantee price stability in the medium-term.
Key US Democrat warns on inflation target idea
It would be a "terrible mistake" for the U.S. Federal Reserve to adopt any form of inflation target to guide policy, a senior Democratic lawmaker was quoted as telling the Financial Times on Tuesday 19 February.
Bank of England ready for 'more turbulent times'
The Bank of England said Monday 19 February it will be able to keep inflation under control even if inflation becomes more unpredictable than during the past decade.
Volcker says surging inflation in India worrying
India's surging inflation was a matter of concern but the Reserve Bank's monetary response to the issue was on track, renowned economist Paul Volcker said on Sunday 18 February.
Bank of Canada Review, Winter 06-07
The Bank of Canada published its Review for Winter 2006-2007 on Thursday 15 February. The Review includes the article 'Why monetary policy matters: A Canadian perspective'.