Inflation
Swedish cen bank holds rate, cuts growth forecast
SWEDEN - Sweden's central bank, the Riksbank, left its key repo rate unchanged at 3.75 percent as expected on Wednesday, saying inflation should be in line with its two percent target over the next two years.
Economics guru warns on UK recession
UK - The threat of inflation in the UK is greater than the Bank of England's Monetary Policy Committee thinks, according to one of its nine influential members.
Speech by Sushil Wadhwani, Bank of England
SPEECH - Speech by Dr Sushil Wadhwani of the Monetary Policy Committee of the Bank of England to the Edinburgh University Economics Society in Edinburgh on 21 November.
BoE's Wadhwani sees UK inflation below 2.5% target
UK - Bank of England monetary policy committee member Sushil Wadhwani said he expects UK inflation to stay below the 2.5 pct official target over the next two years.
Bank of England Inflation Report November 2001
REPORT - The Bank of England has published its inflation report for November 2001.
King: Little chance of UK recession
UK- Presenting the Bank's latest inflation report, Mervyn King, the bank's deputy governor, put the chances of recession at only one in 10.
Bank of Canada Review Autumn 2001
RESEARCH - Predictability of Average Inflation over Long Time Horizons by Allan Crawford. Short summary.
Further fall takes UK headline inflation rate 1.6%
UK - The headline rate of inflation fell further last month, as mortgage lenders passed on the Bank of England's September interest rate cut to customers.
Inflation no longer a threat to eurozone
EUROPE - Wim Duisenberg, president of the European Central Bank, said yesterday, Thursday, the bank's decision to cut interest rates by 50 basis points to 3.25 per cent reflected both a need to prop up battered confidence, and the bank's belief that…
Bank of Canada Review Autumn 2001
RESEARCH - A New Measure of Core Inflation by Tiff Macklem. Short summary.
Eurozone inflation dip may smooth ECB move
EUROPE - Annual inflation in the eurozone dipped to 2.4 per cent last month from 2.5 per cent in September, according to a provisional estimate released Monday.
Buba Welteke - ECB rate policy no hinder to growth
GERMANY - The European Central Bank's interest rates aren't an obstacle to growth, long-term and real interest rates are low and the ECB must avoid letting long-term inflation expectations build up, Deutsche Bundesbank President Ernst Welteke repeated,…
ECB Welteke sees euro zone recovery "rather soon"
DENMARK - Bundesbank President Ernst Welteke on Monday voiced cautious optimism that the euro zone economy would recover relatively soon and reiterated recent monetary developments did not pose an inflation risk.
Trichet: Have confidence in inflation deceleration
FRANCE - Bank of France Governor and European Central Bank Executive Board member Jean-Claude Trichet said Friday that he's confident inflation in the euro zone will continue to decelerate.
Heikensten - Policy could move in either direction
SWEDEN - The first deputy governor of Sweden's Riksbank, Lars Heikensten, on Tuesday noted that inflation should fall to target levels in the long-term, but near-term uncertainties mean monetary policy could either be eased or tightened in the months…
Hayami says Greenspan against inflation targeting
JAPAN - Bank of Japan Governor Masaru Hayami said on Thursday U.S. Federal Reserve Chairman Alan Greenspan had told him the U.S. central bank chief was opposed to the idea of setting an inflation target for central banks.
Fed nominees pledge inflation fight, help growth
US - Two candidates for the Federal Reserve board, Susan Bies and Mark Olson, Wednesday gave their support to the U.S. central bank's dual mandate of fighting inflation and pursuing steady economic growth.
Richmond Fed's Broaddus says inflation target good
US - Federal Reserve Bank of Richmond President Alfred Broaddus said on Friday 12 October the Fed should have an explicit long-term inflation objective to further boost the U.S. central bank's credibility.
Sweden's Riksbank leaves repo rate unchanged
SWEDEN - Sweden's central bank, Sveriges Riksbank, left its key repo rate unchanged at 3.75% Tuesday 16 October, as expected, in conjunction with the release of its latest inflation report.
EU candidates told not to focus only on inflation
UK - Central banks in countries seeking to join the European Union should ensure that their battle against inflation doesn't harm economic growth, a senior official at the European Central Bank said.
Sharp fall in UK inflation revealed
UK - The headline rate of UK inflation, which includes mortgage interest payments, fell last month by 0.4 of a percentage point to 1.7%.
Noyer: E european c banks should aim for growth
POLAND - Central banks in countries seeking to join the European Union should ensure that their battle against inflation doesn't harm economic growth, a senior official at the European Central Bank said in a speech on Monday 15 October.
Greenspan rejects idea of inflation targets
US - Choosing a specific inflation target for the Federal Reserve to meet would not help the central bank set interest rates, Alan Greenspan, the Fed chairman, said yesterday, 11 October.
The Magic's Gone
RESEARCH - A hard look at the data shows that the famous NAIRU Phillips curve does no better at forecasting inflation than a simple look at the past. From 'The Region' published quarterly by the Federal Reserve Bank of Minneapolis, September 2001.