Inflation
Buba's Weber on European inflation dynamics
In a speech on 'European inflation dynamics and inflation convergence' given on 15 October, Axel Weber of the Bundesbank said we still do not know enough about the factors that determine inflation persistence in the euro area and we cannot even be sure…
BoE's Lambert sees `low and stable' inflation
UK inflation probably will remain ``low and stable'' amid slowing economic expansion and subdued wage growth, Bank of England policy maker Richard Lambert said, indicating he sees little immediate need for higher interest rates.
Interview with former RBA board member Bob Gregory
In an interview published on Thursday 21 October, former board member of the Reserve Bank of Australia Bob Gregory said that if there is faster growth at the same inflation rate the RBA will not tighten.
Fed debates policy for post-Greenspan era
This article reports that battle lines are drawn at the Federal Reserve between those who favour formal inflation goals and those who don't, with the debate heating up ahead of Alan Greenspan's retirement. It cites Roger Ferguson and Ben Bernanke at the…
US economy back on track says Fed's McTeer
Dallas Federal Reserve Bank President Robert McTeer said on Tuesday 5 October that the inflation scare is over with and the US economy is back on track from its soft patch.
Hungary's cb chief expects inflation around 7%
Average inflation in 2004 will be "around 7%," but will decline to 4-5% in 2005, Zsigmond Jarai, the president of central bank MNB told parliament's budget committee on Tuesday 21 September.
ECB's Issing sees inflation falling below 2%
The European Central Bank is unhappy with the current level of inflation in the eurozone but expects it to fall below 2% in the second quarter of next year, chief economist Otmar Issing said on Monday 20 September.
RBI may revise inflation target
The Reserve Bank of India, which is closely monitoring inflation, now at 8.33 per cent, may revise its annual target of 5-5.5 per cent in the busy season credit policy next month, according to RBI deputy governor Rakesh Mohan.
Fed's Guynn says price pressures won't be ignored
U.S. inflation has "stayed in a relatively narrow band" but the Fed will not take its eye off the ball, President of the Federal Reserve Bank of Atlanta Jack Guynn said in an interview with Bloomberg News published on Thursday 9 September.
ECB study finds inflation targets do work
A recently published working paper by the European Central Bank investigates the impact of inflation targeting, and concludes that explicit inflation targets do have a significant effect on inflation expectations and persistence.
Sweden's Heikensten on inflation
In a speech on economic developments and inflation prospects, given on August 16, Sweden's central bank governor Lars Heikensten said that the Riksbank's assessment of inflation and economic activity had not significantly altered since its last inflation…
Russia issues forecasts on 2005
The Russian government will continue to target both the exchange rate and inflation next year because its economy is not ready for a free-floating ruble. At the same time, forecasts show a potential boost to the economy from revenues caused by high oil…
China's issues warning on inflation
China's central bank sees some effects from its attempts to combat rising inflation, but bad debts remain a problem.
RBA Conference: The future of inflation targeting
The Reserve Bank of Australia has published the papers presented at its 2004 Conference "The future of inflation targeting" held 9-10 August. Papers include 'Can central bank transparency go too far?,' 'Inflation measurement for central bankers', and …
Bank of England forecasts falling inflation
The Bank of England published its August 2004 Inflation Report on 11 August. According to the report UK inflation will hit its 2% target in two years, as long as interest rates rise in line with the gradual upward path the market currently expects.
CNB's Frait on convergence criteria
A paper 'Convergence Criteria - How Tight a Constraint under Inflation Targeting?' was presented on 23 June by Jan Frait of the Czech National Bank. The paper focuses on how tight a constraint are the convergence criteria for the conduct of inflation…
Reddy says RBI caught unawares on inflation
The Reserve Bank of India governor YV Reddy admitted that the July inflation rate, which touched a three-year high of 7.51% in end-July, was higher than what the monetary policy in May '04 had visualised.
RBA 2004 Conference: Future of inflation targeting
This year's Reserve Bank of Australia conference to be held 9-10 August is focusing on various issues related to inflation targeting including: the evolution of inflation-targeting regimes and the measurement of inflation. Drafts of the papers will be…
Poland raises rates for a second month
Poland's central bank raised interest rates for the second month running after the inflation rate rose close to a three-year high.
Issing says ECB must check inflation expectations
European Central Bank Chief Economist Otmar Issing said it's important for the bank to prevent expectations of inflation from rising excessively, the Nihon Keizai newspaper said, citing an interview with Issing.
Dallas Fed's McTeer - Inflation rise likely a blip
Increases in US inflation recently may prove to be a blip but the Federal Reserve needs two to three more months of data before it can make this judgment, Dallas Fed president Bob McTeer said on Tuesday 13 July.
Fed's Hoenig sees US inflation staying in 2% range
U.S. inflation should remain contained despite strong growth, Federal Reserve Bank of Kansas City President Thomas Hoenig said on Tuesday 14 July.
Rato: No strong inflation pressure in Europe, US
International Monetary Fund director general Rodrigo Rato said that inflation remains relatively moderate in Europe and the US, and expressed his support for the policies of the US Federal Reserve and the European Central Bank.
Norges Bank Inflation Report, July 2004
Norway's central bank, Norges Bank, has published its latest Inflation Report for July 2004. The report says inflation is low and since the March Inflation Report, it has moved in line with projections. Inflation is being restrained by the appreciation…