Inflation
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…
France's Noyer on indexed bonds, inflation
In a speech on 'The role of inflation - indexed bonds in the process of setting monetary policy: a central banker's perspective' given on 9 June, Christian Noyer of the Bank of France said central banks have to make use of the widest possible set of…
Bank of England Inflation Attitudes Survey, May 04
The Bank of England's May 2004 quarterly Inflation Attitudes Survey was published on 18 June. Asked about the future path of interest rates, 71% expected rates to rise in the next 12 months, up slightly from 69% in the February survey.
Interview with Fed's Bernanke
In an extensive interview published this week, Federal Reserve governor Ben Bernanke talks about inflation targeting, asset bubbles, the Great Depression and other topics. He suggests the introduction of a number or a numerical range for inflation in the…
Fed will act when needed says Hoenig
Recent gains in US inflation should fade, but if this assessment is wrong, the Federal Reserve will act decisively to keep prices in check, top Fed policymaker Tom Hoenig said on Wednesday 9 June
Norway's Gjedrem on inflation targeting
In a speech on 'Inflation targeting - some theory with main focus on practice' given on 8 June, Svein Gjedrem of Norges Bank said Norges Bank placed increasing emphasis on low and stable inflation and a formal inflation target for monetary policy was…
Fed ready to guard price stability says Greenspan
The Federal Reserve will do "what is required" to keep inflation under control if it transpires the forecast behind its view that interest rates can rise gradually is wrong, Fed Chairman Alan Greenspan said Tuesday.
Sveriges Riksbank Inflation Report, No.2, 2004
Sweden's central bank, the Sveriges Riksbank, has published its Second Inflation Report for 2004. On the whole, the recovery in the Swedish economy has progressed largely as anticipated in the previous Inflation Report. New data suggest that net exports…
BoC's Kennedy says oil prices lifting inflation
In a speech on Thursday 27 May, Bank of Canada Deputy Governor Sheryl Kennedy said that higher oil prices and strong global demand are pushing Canada's inflation rate higher than was forecast in the April Monetary Policy Report.
Brazil sticks to 5.5 % inflation target
Brazil's central bank continues to target inflation of 5.5 per cent this year despite the rising cost of oil and market expectations that consumer prices will rise, the bank's president said on Wednesday 26 May .
NBP warns inflation could hinder economic growth
Inflationary pressure is growing which, in the long run, could hinder economic growth, Krzysztof Rybinski, a deputy president of the Polish central bank (NBP) has warned.
Meirelles: Brazil's inflation target won't change
Brazilian Central Bank President Henrique Meirelles said on Thursday 22 April that the strict inflation targets set for 2004 and 2005 would not budge despite investor fears they may hinder badly needed growth.
RBNZ paper on inflation targeting central banks
This RBNZ paper tests the standard quadratic approximation to central bank preferences on data from Australia and New Zealand, two of the earliest explicit inflation targeting countries.
Sveriges Riksbank Inflation Report, No.1, 2004
Sweden's central bank, the Sveriges Riksbank, has published its First Inflation Report for 2004. The report said that there are increasingly clear signs that the Swedish economy is about to recover, after an unusually mild economic downturn. Inflation…
Norway's Gjedrem on inflation targeting
In a speech on 'Flexible inflation targeting' given on 29 March, Svein Gjedrem of Norges Bank said external cyclical developments and events have had considerable implications for developments in the Norwegian economy.
Brazil rules out relaxing inflation target
Brazil's central bank president Henrique Meirelles ruled out changing the 5.5 per cent inflation target set for this year, official news agency Agencia Brasil reported.
Chicago Fed chief: low inflation to keep rates low
Chicago Fed president Michael Moskow saidon Monday 22 March that concerns that inflation will soon accelerate are "premature" and he was optimistic about the economic outlook.
BOJ should adopt inflation target says Nakahara
A former policy board member of the Bank of Japan has said that Toshihiko Fukui should pump more money into the economy and set an inflation target to fight deflation.