Inflation
RBA's Macfarlane on the Australian economy
In a statement to the House of Representatives given on 12 August Ian Macfarlane of the Reserve Bank of Australia said that inflation was largely under control and the economy strong.
Australian govt to quiz RBA chief on economy
Reserve Bank of Australia governor Ian Macfarlane will be grilled Friday 12 August on the chances of another rate rise, or possibly a rate cut, in coming months.
Bank of England Inflation Report, August 2005
The Bank of England published its August 2005 Inflation Report on 10 August. In the report the Bank said the UK's growth outlook has weakened slightly in the near term, pulled down by sluggish consumer spending.
RBI's Reddy says oil prices need careful response
Reserve Bank of India Governor Y.V. Reddy said on Wednesday 10 August that the central bank would carefully respond to volatile oil prices as it impacts inflation and the exchange rate.
Doubts on Bank of England's forecasting
Nobody could say that Mervyn King, governor of the Bank of England, was defensive at yesterday's press conference on the latest Inflation Report (who has ever seen Mervyn on the defensive?), but he certainly knew he had some explaining to do.
COMMENT BY CENTRALBANKNET
The fear that demand in many leading economies has been sustained only by a housing and real estate "bubble" is often seen as one of the biggest risks facing monetary policymakers.
IMF's Rato concludes Ukraine visit
Rodrigo de Rato, Managing Director of the International Monetary Fund, issued a statement Friday 5 August at the conclusion of his visit to Kiev. The IMF chief said he was confident on Ukraine's economic outlook.
The future of EMU: one size fits none?
According to the forthcoming edition of Central Banking, inflation and output gap differentials have grown between European states since the inception of the EMU in 1999. If these continue to worsen, the resulting tensions would put a big strain on…
RBA paper on underlying inflation
The Reserve Bank of Australia Discussion Paper "Underlying inflation: Concepts, measurement and performance" published on 21 July explores the concept of underlying inflation and the properties of various measures of underlying inflation in the…
UK's Brown expects ECB inflation target debate
UK chancellor Gordon Brown, whose country currently holds the rotating EU presidency, told the European Parliament that debate over the European Central Bank's inflation target is to be expected.
Garganas says ECB may hike inflation forecast
"The oil price increases in recent weeks imply some upward revision to the main scenario for inflation," said Garganas, who is also the governor of the Bank of Greece, in an interview in Athens with Bloomberg.
Norges Bank Inflation Report, June 2005
Norway's central bank, Norges Bank, published its latest Inflation Report for June 2005 on Thursday 30 June. The Bank raised the sight deposit rate to 2% from 1.75% but conceded that recent developments such as weaker economic growth prospects for Europe…
Regulators probe King speech leak
UK City regulators are investigating a sharp rise in futures trading a few hours ahead of Bank of England governor Mervyn King's speech to Bradford business leaders last week.
Norway's Gjedrem on inflation targeting
In the speech 'Experiences with inflation targeting in Norway and other countries' given on 7 June, Svein Gjedrem of Norges Bank said in light of the experiences of different countries in the last 10-15 years, he is confident that flexible inflation…
Bank of England Inflation Attitudes Survey, May 05
The Bank of England published its May 2005 Inflation Attitudes Survey on 20 June. 62% of respondents thought the inflation target was 'about right', the highest response rate for this question since the survey began.
Malaysia's Zeti says inflation may nudge higher
Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz was reported as saying on Tuesday that inflation could edge higher before tapering off later this year.
Riksbank's workshop on inflation targeting
The Sveriges Riksbank held a workshop titled "Inflation targeting: implementation, communication and effectiveness" between 10-12 June. Papers presented at the workshop included "Central-bank communication and the publication of interest rate projections…
Sweden's Heikensten on inflation targeting
In opening remarks to the Conference on inflation targeting: implementation, communication and effectiveness given on 11 June, Lars Heikensten of the Sveriges Riksbank said the contributions to this conference have succeeded in capturing the most…
RBA paper warns on inflation targets
A research paper published by the Reserve Bank of Australia on Thursday 2 June has warned that central banks should not set their inflation targets too low.
The costs of capital inadequacy
Blair Baker reports on why Costa Rica’s central bank cannot afford to lower inflation.
Netherlands paper on central bank transparency
The De Nederlandsche Bank Working Paper "The impact of central bank transparency on inflation expectations" published in March 2005, investigates how the link between inflation and inflation expectations alters with increasing central bank transparency.
Bank of England Inflation Report, May 2005
The Bank of England published its May 2005 Inflation Report on 11 May. In the report the Bank said it expects CPI inflation to rise above the 2 pct target in the near term due to temporary factors before settling back to the 2 pct level over the two year…
Fed Reserve Bank of St Louis Review, Mar/Apr 2005
The latest edition of the St Louis Fed's Review for March-April 2005 includes an article by Allan Meltzer "Origins of the Great Inflation". The Great Inflation from 1965 to 1984 is the climactic monetary event of the last part of the 20th century. The…
RBNZ leaves rates unchanged at 6.75%
The Reserve Bank of New Zealand left the OCR unchanged at 6.75 per cent on Thursday 28 April. In a statement RBNZ governor Alan Bollard said underlying inflation pressures are persisting, as evidenced by rising business costs and ongoing labour market…