Inflation
What Ben Bernanke could learn from New Zealand
According to this article from Bloomberg, published Friday 28 July, while Fed chairman Ben Bernanke and the world's biggest policy makers don't often pay attention to New Zealand, they would be wise to follow Alan Bollard's progress.
Minutes suggest smaller rate cuts in Brazil
Brazil's central bank said Thursday 27 July it sees a "low probability" of inflationary pressures in the coming quarters, but interest rate cuts may need to be smaller to avoid a pickup in inflation.
Comment: Small steps or big bang?
A recent collection of papers published by the Bank for International Settlement (BIS) adopts a cautious line in advocating inflation targeting for poor African countries, which may lack the "preconditions" for the regime.
Bernanke's testimony to Congress
In testimony given on 19 July Ben Bernanke of the Federal Reserve warned that stubbornly high inflation could harm the U.S. economy and that the U.S. central bank must guard against rising prices taking hold.
Comment: Bernanke focuses on risks
In his remarks following the delivery of the Fed's semi-annual monetary policy to Congress, Fed chairman, Ben Bernanke, adopted an approach very much in keeping with his predecessor, Alan Greenspan. What does this mean for the Fed's inflation targeting…
Inflation targeting in dollarized economies
According to this Working Paper from the Central Bank of Chile, the shift to an inflation targeting regime has contributed to the relatively low inflation observed in some emerging market economies.
Stern says Fed will remain diligent
The Federal Reserve is committed to its responsibility of avoiding a damaging rise in inflation, Minneapolis Fed president Gary Stern said on Thursday 13 July.
BoK says inflation outweighs slowdown risk
Bank of Korea assistant governor Yeung-Kyun Rhee said Thursday 13 July that the current focus should be on inflation rather than growth in the South Korean economy.
IMF paper on U.S. inflation dynamics
The IMF Working Paper "U.S. inflation dynamics: What drives them over different frequencies?" aims to improve the understanding of U.S. inflation dynamics by separating out structural from cyclical effects using frequency domain techniques.
BOK maintains hawkish stance
Bank of Korea governor Lee Seong-tae said on Monday 10 July that the central bank will take preemptive action to curb increased pressure on inflation.
Inflation targeting in dollarized economies
According to this IMF Working Paper, the shift to inflation targeting has contributed to the relatively low inflation observed in some emerging market economies.
Comment: Bernanke's ally
The nomination of Frederic Mishkin to fill one of the two vacant seats on the Fed's board of governors will bolster the chairman, Ben Bernanke, in his attempts to quantify the central bank's inflation objective and move towards a more rule-based monetary…
Fed views on U.S. inflation targeting
This article from Reuters, published Wednesday 28 June, provides summaries of views voiced by Federal Reserve policy-makers on the merits of stated numerical inflation targets.
Srejber on monetary policy & inflation-targeting
In the speech 'Should monetary policy subdue inflated high debts and asset prices in an inflation-targeting regime?' given on 28 June Eva Srejber of the Sveriges Riksbank said the Swedish central bank is not hamstrung by its practise of inflation…
Toothless Fed
According to this article from CNN Money, published Thursday 22 June, the Federal Reserve's ability to control the host of things that are driving inflation higher is rather limited.
Comment: Uganda eyes inflation target
The Bank of Uganda will implement an inflation-targetting framework in the near future, the governor of the central bank, Emmanuel Tumusiime-Mutebile, told CentralBankNews.com. Only a lack of adequate and timely data is holding it back.
BOJ's Nishimura sees low rates problem
Keeping Japan's interest rates at low levels for a prolonged period may cause excessive investment by companies and overstimulate economic growth, according to Kiyohiko Nishimura, a Bank of Japan policy maker.
Liikanen says euro area inflation risks on upside
Inflation risks in the eurozone are on the upside, European Central Bank Governing Council member Erkki Liikanen was quoted as saying by Finnish daily Demari in an interview published on Thursday 22 June.
Sveriges Riksbank Inflation Report, No. 2, 2006
Sweden's central bank, the Sveriges Riksbank, published its Second Inflation Report for 2006 on Tuesday 20 June. According to the report, economic activity is expected to remain good and UND1X inflation is expected to be in line with the inflation target…
Fed's Kroszner says inflation is less comfortable
Federal Reserve governor Randall Kroszner said on Thursday 15 June that broad measures of U.S. inflation are rising to less comfortable levels and the Fed will keep monitoring price pressures.
ECB Monthly Bulletin, June 2006
The European Central Bank published its June 2006 Monthly Bulletin on Thursday 15 June. In the report the ECB said inflation risks from strong money supply growth have become much clearer over the past two years.
Dallas Fed's Fisher on the economy at midyear
In the speech 'The economy at midyear' given on 14 June Richard Fisher of the Federal Reserve Bank of Dallas emphasised that the Federal Reserve was serious in keeping inflation at bay.
Letter to the FT from Irma Rosenberg
In a letter published by the Financial Times on Thursday 15 June, Irma Rosenberg of the Swedish Riksbank says inflation targeting as practised by many central banks has undoubtedly been very successful.
Meirelles: Brazil's CPI expectations 'anchored'
Brazil's central bank president Henrique Meirelles has said inflation expectations among investors are "well anchored" in Latin America's biggest economy.