Inflation
Turkey to begin inflation targeting
Turkey plans to adopt formal inflation targeting in 2006, according to central bank governor Sureyya Serdengecti.
Comment: Turkey to target
Governor Sureyya Serdengecti's announcement on Monday 5 December that the Central Bank of Turkey will adopt formal inflation targets from January 2006 marks another step along the road of monetary policy reform that has seen Turkey shrug off its volatile…
Inflation warning from Bank of France
The Bank of France said on Monday 28 November inflation risks in developed countries have increased because of high oil and commodity prices and could rise further.
New currency for Zimbabwe
The Reserve Bank of Zimbabwe (RBZ) has announced that it will introduce a new currency next year. RBZ governor Gideon Gono said the new currency would be unveiled "at a date to be announced".
BoE interest rate challenge gets under way
The sixth annual Bank of England (BoE)/Times Target Two Point Zero Interest Rate Challenge commences on 21 November. The competition asks nearly one thousand school and college students to decide what the UK's official interest rate should be to keep…
All eyes on the rand
Inflation is on target, but the exchange rate still dominates economic debate, writes Malan Rietveld.
French economy's lights "turn green"
Economic growth in France picked up in the third quarter, while inflation subsided in October. Data released on 10 November showed that the economy expanded by 0.7 percent in the third quarter, while October inflation figure was down to 2 percent…
Turkish interest rate cut
The Central Bank of Turkey (CBRT) yesterday, 8 November, cut short-term interest rates by 25 basis points, bringing the overnight borrowing rate and the lending rate to 13.75 percent.
ARB sees "modest" inflation threat
The Australian Reserve Bank said in its monetary policy statement released on Monday 7 November that it expects "a modest" increase in inflation rate and hinted that interest rates would remain on hold this year.
IMF's Rato on building better institutions
In the speech 'Building better institutions' given on 3 November Rodrigo de Rato of the IMF said central banks in emerging markets that used inflation targeting not only reduced inflation but experienced less volatility.
Bank of Japan's course might renew deflation
This article published on Friday 4 November says that while caution may be a good trait for central bankers when it comes to inflation, in the case of Japan, it's totally misplaced.
'We will act' on inflation if needed says Trichet
The European Central Bank sees clear signs that inflation will rise in Europe, president Jean-Claude Trichet told Euro am Sonntag.
Bank of Japan says end of deflation in sight
The Bank of Japan said on Monday 31 October that the seven-year period of deflation will end in the year to March 2006.
Uzbekistan freezes currency convertibility- report
The Uzbek authorities have suspended the convertibility of the national currency for current-account transactions in order to curb rising inflation, the Kazakh newspaper Delovaya Nedelya reported on 28 October.
Wellink sees increased inflation concern for ECB
European Central Bank council member Nout Wellink said in an interview that the bank is ``increasingly concerned about inflation,'' echoing comments by other ECB officials.
RBI's Reddy sees demand pressure build up
Reserve Bank of India governor Yaga Venugopal Reddy said on Wednesday 26 October that price pressures were building up in the country which is expected to grow 7.0-7.5 percent by March 2006.
Albania's Fullani on inflation targeting practice
In the speech 'Inflation targeting in practice' given on 10 October Ardian Fullani of the Bank of Albania said the fact that we have been successful in controlling inflation during the last years holds true.
Sveriges Riksbank Inflation Report, No. 3, 2005
Sweden's central bank, the Sveriges Riksbank, has published its Third Inflation Report for 2005. Most indications are now that the slowdown in growth at the beginning of the year was temporary both in Sweden and abroad, the report said.
Bernanke doesn't see inflation picking up
U.S. inflation pressures are likely to remain within the energy sector, and fiscal and monetary policy remains accommodative, Federal Reserve chairman nominee Ben Bernanke said in a newspaper interview published on Tuesday 25 October.
Trichet notes that inflation risks have increased
ECB president Jean-Claude Trichet said in an interview that the risk of rising inflation in the euro zone has increased with the recent surge in oil prices, and the ECB would reinforce its vigilance to head-off a widespread rise in prices.
Bank of England's MPC voted 9-0 to hold rates
Minutes from the Bank of England's 5 and 6 October meeting, released 19 October, showed that all nine members of the Monetary Policy Committee voted to keep interest rates at 4.5 percent this month, not even discussing arguments for a cut.
Hoenig says Fed will do what it takes on inflation
Federal Reserve Bank of Kansas City President Thomas Hoenig said on Thursday 13 October that rising prices had placed the U.S. central bank on alert but it would take the necessary steps to keep inflation at bay.
Canada's Macklem on the inflation target
In the speech 'The inflation target: More than just a target' given on 6 October Tiff Macklem of the Bank of Canada discusses the Bank of Canada's inflation-targeting system, which aims to keep inflation low, stable, and predictable in order to promote…
Bank of England Inflation Attitudes Survey, Aug 05
The Bank of England has published its August 2005 Inflation Attitudes Survey. 56% of respondents thought the inflation target was 'about right', while the proportions saying the target was 'too high' and 'too low' were 19% and 9% respectively.