Inflation
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.
CNB sets 2006 inflation target at 2-4% upto euro
The Czech National Bank (CNB) has decided to keep its inflation target between 2 % and 4 % for the period starting January 2006, according to a CNB spokeswoman.
IMF Working Paper on inflation targeting
In the IMF Working Paper "Inflation Targeting and Exchange Rate Rules in an Open Economy" published on 24 February, the authors find that the exchange rate regime and measure of inflation targeted have crucial implications for the effect on output and…
Dallas's McTeer on inflation targets
Dallas Fed president Bob McTeer said on Thursday 19 February that inflation targets were a marketing tool not needed by the Fed, and opposed lobbying to float China's currency.
BoE's Lomax on Inflation Targeting
In a speech on 'Inflation Targeting - Achievement and Challenges' given on 18 February, Rachel Lomax of the Bank of England discussed the improvement in economic performance since the adoption of inflation targets and the challenges that policy makers…
CNB's Tuma sees higher inflation this year
Czech inflation will tick higher this year due to changes in the value added tax agreed by the ruling coalition last week, Central Bank Governor Zdenek Tuma said on Sunday 8 February.
Putin discusses Russian economy with Ignatiev
Russian central bank president Sergei Ignatiev has held a working meeting with president Vladimir Putin to discuss the economy and exchange rate situation.
Brazil's Copom held rates over inflation fears
Brazil's monetary policy committee (Copom) minutes said that a majority of members decided to leave rates unchanged last week fearing that the inflation hike could go beyond January.
BoE's King on the UK's new inflation measure
In a speech given on 20 January, Mervyn King of the Bank of England said reinforced expectations of higher borrowing costs in the UK, saying that the BoE's new inflation target would not mean looser policy than otherwise would have been.
Gjedrem on the outlook for the Norwegian economy
In a speech on 'Monetary policy and the outlook for the Norwegian economy' Svein Gjedrem of Norges Bank said inflation has slowed over the past 12 months and is now considerably below target.
RBA reseach paper on the Phillips curve
The Reserve bank of Australia has issued a research discussion paper on the real-time forecasting performance of the Phillips curve.
High inflation hurting Irish competitiveness
High inflation in recent years has led to lasting damage to Irish competitiveness, the Central Bank said in its winter bulletin. The bank says the country has not only lost its competitive edge but in absolute terms the price level in Ireland is now 12%…