Inflation
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…
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.