Inflation
Eurozone inflation dip may smooth ECB move
EUROPE - Annual inflation in the eurozone dipped to 2.4 per cent last month from 2.5 per cent in September, according to a provisional estimate released Monday.
Buba Welteke - ECB rate policy no hinder to growth
GERMANY - The European Central Bank's interest rates aren't an obstacle to growth, long-term and real interest rates are low and the ECB must avoid letting long-term inflation expectations build up, Deutsche Bundesbank President Ernst Welteke repeated,…
ECB Welteke sees euro zone recovery "rather soon"
DENMARK - Bundesbank President Ernst Welteke on Monday voiced cautious optimism that the euro zone economy would recover relatively soon and reiterated recent monetary developments did not pose an inflation risk.
Trichet: Have confidence in inflation deceleration
FRANCE - Bank of France Governor and European Central Bank Executive Board member Jean-Claude Trichet said Friday that he's confident inflation in the euro zone will continue to decelerate.
Heikensten - Policy could move in either direction
SWEDEN - The first deputy governor of Sweden's Riksbank, Lars Heikensten, on Tuesday noted that inflation should fall to target levels in the long-term, but near-term uncertainties mean monetary policy could either be eased or tightened in the months…
Hayami says Greenspan against inflation targeting
JAPAN - Bank of Japan Governor Masaru Hayami said on Thursday U.S. Federal Reserve Chairman Alan Greenspan had told him the U.S. central bank chief was opposed to the idea of setting an inflation target for central banks.
Fed nominees pledge inflation fight, help growth
US - Two candidates for the Federal Reserve board, Susan Bies and Mark Olson, Wednesday gave their support to the U.S. central bank's dual mandate of fighting inflation and pursuing steady economic growth.
Richmond Fed's Broaddus says inflation target good
US - Federal Reserve Bank of Richmond President Alfred Broaddus said on Friday 12 October the Fed should have an explicit long-term inflation objective to further boost the U.S. central bank's credibility.
Sweden's Riksbank leaves repo rate unchanged
SWEDEN - Sweden's central bank, Sveriges Riksbank, left its key repo rate unchanged at 3.75% Tuesday 16 October, as expected, in conjunction with the release of its latest inflation report.
EU candidates told not to focus only on inflation
UK - Central banks in countries seeking to join the European Union should ensure that their battle against inflation doesn't harm economic growth, a senior official at the European Central Bank said.
Sharp fall in UK inflation revealed
UK - The headline rate of UK inflation, which includes mortgage interest payments, fell last month by 0.4 of a percentage point to 1.7%.
Noyer: E european c banks should aim for growth
POLAND - Central banks in countries seeking to join the European Union should ensure that their battle against inflation doesn't harm economic growth, a senior official at the European Central Bank said in a speech on Monday 15 October.
Greenspan rejects idea of inflation targets
US - Choosing a specific inflation target for the Federal Reserve to meet would not help the central bank set interest rates, Alan Greenspan, the Fed chairman, said yesterday, 11 October.
The Magic's Gone
RESEARCH - A hard look at the data shows that the famous NAIRU Phillips curve does no better at forecasting inflation than a simple look at the past. From 'The Region' published quarterly by the Federal Reserve Bank of Minneapolis, September 2001.
Research by Lars Svensson of Princeton University
RESEARCH - Inflation Targeting: Should It Be Modelled as an Instrument Rule or a Targeting Rule?
CBR no longer responsible for inflation
RUSSIA - On 3 October, the Central Bank of Russia presented the State Duma with the draft of The Basic Guidelines of a Single State Monetary and Credit Policy for 2002, which assumes an annual inflation of between 12% and 14% for next year.
Brazil inflation slows sharply
BRAZIL - Brazil's inflation in September slowed considerably over previous months but is still expected to exceed the upper limit of the government's year-end target of 6 per cent.
RBNZ directors - Breach of inflation target was OK
NEW ZEALAND - The Reserve Bank of New Zealand's breach of its official inflation target through much of the year ending 30 June, isn't a matter for concern, the central bank's non-executive directors said in its annual report issued Thursday 4 October.
Speech by Jarle Bergo, Dep Governor Norges Bank
SPEECH - Speech by Jarle Bergo, Deputy Governor of Norges Bank, the central bank of Norway at the General Meeting of ACI Norge on 31 August.
Plenderleith - UK able to weather econ uncertainty
UK - The U.K. is well placed to weather the current world economic slowdown because of its low inflation and the underlying competitive advantages of major economies, Bank of England executive director Ian Plenderleith said Thursday 20 September in a…
Surprise rise in UK inflation rate to 2.6%
UK - UK inflation has risen much more sharply than expected in August.
Turkish c bank to publish inflation report in Oct
TURKEY - Turkey's central bank plans to announce next month future inflation estimates and details of the monetary policy that will back a plan to cut stubbornly high inflation, a senior central banker said on Monday 10 Sep.
Philippines: Preparations for Inflation Targeting
WORKING PAPER - IMF Working Paper written by Piyabha Kongsamut and published August 2001.
Australia lowers interest rates
AUSTRALIA - The Reserve Bank of Australia sliced interest rates by one-quarter percentage point on 5 September to offset weakening global economic activity and despite higher-than-forecast inflation.