Inflation
Issing on monetary and financial stability
In a speech on 'Monetary and financial stability: Is there a trade-off?' Otmar Issing of the European Central Bank said the question whether there is a trade-off between monetary and financial stability has been one of the most interesting areas of…
National Bank of Serbia inflation at 3 yr low
Serbia's central bank has reported that monthly inflation was at a three year low of 0.3 percent and that the annual rate was well within its projection.
CentralBankNet Monday Special Feature
SPECIAL FEATURE - In an exclusive interview with CentralBankNet.com, Professor Fatih Ozatay, the vice-governor of the Central Bank of the Republic of Turkey, explains how the war in Iraq is affecting the central bank, and what it is doing to mitigate…
Bernanke - Perspective on inflation targeting
In a speech on 'A Perspective on Inflation Targeting' Ben Bernanke of the Federal Reserve said adoption of an explicit inflation goal was in his view the best way for the Fed to achieve its goals of stable prices and maximum sustainable growth. He added,…
BoE governor on inflation
In a speech Edward George, governor of the Bank of England, said although risks exist he thinks that the most likely outcome is that we will see a gradual pick-up in the pace of global recovery over the next year or two. He said inflation may well rise…
Kohn on inflation targeting in the US
In a speech on 'Comments on Marvin Goodfriend's "Inflation Targeting in the United States?"' Donald Kohn of the Federal Reserve said the Fed has not engaged in implicit inflation-targeting by saying it supports "long-run price stability". He also said…
Fed's Kohn: No need for Fed to target inflation
In apparent contrast to Ben Bernanke's comments Donald Kohn said in a speech released Monday March 24 and reported by Reuters that he was sceptical that for the United States the potential benefits of changing to a regime of inflation targeting would…
Bank of England Quarterly Bulletin, Spring 2003
REPORT - The Bank of England released its Quarterly Bulletin, Spring 2003, on 21 March. The Bulletin includes an article on "Monetary policy and the zero bound to nominal interest rates" which suggests that a deflation situation is highly unlikely to…
BoE: deflation spiral 'unlikely to hit Britain'
The Bank of England's quarterly bulletin published on Friday March 21 suggested that Britain was likely to avoid a deflationary cycle and that the zero bound for interest rates would not be tested, noted the Financial Times
Bank of England Inflation Attitudes Survey, Feb 03
REPORT - The Bank of England's February 2003 quarterly Inflation Attitudes Survey was published on 17 March. The survey measures public attitudes to inflation in the UK. The survey showed that the number of people satisfied with how the Bank is doing its…
Sveriges Riksbank Inflation Report, No.1, 2003
REPORT - Sweden's central bank has published its Inflation Report for the First Quarter 2003. In the report the Riksbank said this year inflation has risen more than anticipated, partly due to rising oil prices. The report says that the recovery slowed…
Publication of Sveriges Riksbank Inflation Report
On Tuesday, 18 March, the Riksbank will present this year's first report on monetary policy to the Riksdag Finance Committee. Pursuant to the Sveriges Riksbank Act, the Riksbank must present a written report on monetary policy to the Committee at least…
Role of expectations in estimates of the NAIRU
RESEARCH - The Bank of England Working Paper, "The role of expectations in estimates of the NAIRU in the United States and the United Kingdom" examines evidence for a change in the relationship between inflation and unemployment. Inflation expectations…
Norges Bank Inflation Report, March 2003
REPORT - Norway's central bank published its latest Inflation Report on 5 March. The Bank says the outlook for growth has deteriorated since the October report and there are no signs of an imminent recovery. On the domestic front, the Norwegian economy…
Inflation targeting, growth move in sync - Mboweni
A low inflation environment supports economic growth and no one can oppose that, said Tito Mboweni. The South African Reserve Bank governor was speaking in his first lecture at a university he is an honorary professor of.
Brazil's Palocci sees IMF loan despite inflation
Finance minister Antonio Palocci said he expects the next tranche of Brazil's record IMF loan to be approved despite an increase in inflation in the country.
Fed's Parry: Fed has room to ease again
San Francisco Fed president Robert Parry has said there may still be room to reduce interest rates, if it were called for, as the risk of sparking an inflation increase was low.
Brazil c bank warns inflation to stay high for now
The central bank of Brazil has said in the minutes from its most recent meeting that it expects the rise in inflation to fall back but risks remain that inflation will remain at "elevated levels".
Crow makes the case for higher interest rates
John Crow, the former Bank of Canada chief, suggested that interest rates could increase further as the Canadian inflation rate is close to the upper limit of its target.
IMF says expects rate hike in Canada
The IMF has said Canada may have to increase interest rates as the country is operating close to capacity and inflation presents an increasing danger.
Poland sets new inflation target
The Polish central bank has reduced interest rates and at the same time set a new inflation target. The move is aimed at guaranteeing Poland joins the euro zone at the earliest possible date of 2007.
Brazil's interest rate increase wins IMF support
The IMF praised Brazil's central banks decision to increase interest rates saying that the move will help control inflation.
Sveriges Riksbank Press Release
PRESS RELEASE - Heikensten: Inflation rise expected to be temporary. Riksbank Governor Lars Heikensten spoke at a meeting organised by Hammarby bandy club on the subject of "Some monetary policy issues" on 20 February.
Mexico cen bank sees inflation expectations ease
After a tightening of monetary policy Mexico's central bank has said inflation expectations have eased. The easing was sought before various wage bargaining negotiations began.