Inflation
Rise in terms of trade not always inflationary: RBA paper
Reserve Bank of Australia study says floating exchange rates act as an important buffer to external shocks that influence terms of trade
BoE survey shows inflation expectations are climbing
Bank of England Inflation Attitudes survey says most respondents believe inflation is expected to average 3.5% in next five years
RBA cuts rates on fears of global slowdown
Reserve Bank of Australia cuts rates by 25 basis points amid growing concerns over sovereign debt crisis in Europe; analysts consider options available at next meeting
Minneapolis Fed’s Kocherlakota warns FOMC against inflation drift
Minneapolis Federal Reserve president Narayana Kocherlakota says Federal Reserve should formulate a public contingency plan to avoid tolerance of high inflation
FOMC disagrees over monetary policy strategy
Federal Open Market Committee discusses alternative monetary policy strategies; committee disagrees over setting a “longer-run inflation goal”
Sarb’s Marcus laments ‘new phase’ in eurozone crisis
Latest South African Reserve Bank Monetary Policy Review shows rising inflation and hesitant domestic economic recovery; governor Gill Marcus shares concerns as eurozone crisis rumbles on
RBI’s Subbarao calls on government to address rising food prices
Reserve Bank of India governor Duvvuri Subbarao says monetary policy response to elevated food inflation is limited and improvements in supply chain management are needed
King sees sharper decline in inflation ahead for UK
Inflation in the UK falls to 5% in October, but Bank of England governor Mervyn King says inflation could drop more “sharply” in the next six months
Plosser pushes for adoption of explicit inflation target
Philadelphia Federal Reserve president Charles Plosser calls for Fed to introduce explicit inflation-targeting framework
BoE paper identifies strong habit-formation in savings
Bank of England study finds length of precautionary savings incentive during periods of volatility is often underestimated in monetary policy models
Thai banks to 'scale down' operations as floods hit Bangkok
Central bank tells financial institutions to “scale down” to only essential operations in order to safeguard employees; inflation report shows contraction in Thai economy this year
BoJ provides more scope to ease policy
Bank of Japan amends terms and conditions of asset purchase programme to enable further room for monetary easing as yen hits five-year high
High inflation risks further trend drift: Fed paper
Federal Reserve study shows above-average inflation levels have led to periods of uncertainty over trend inflation
Lira strengthens as Turkey cuts reserve ratio
Central Bank of Turkey continues battle with falling lira and reduces its reserve requirement ratio by 210 basis points
Chinese officials jailed over information leaks
Two government officials are given lengthy prison sentences; found to have leaked information on economic growth, retail sales and inflation figures
Uganda defends monetary policy
Executive director of research at the Bank of Uganda releases a statement explaining the central bank’s monetary policy; outlines what policy can do and what it cannot
India faces ‘significant’ inflation challenge
Macroeconomic and Monetary Developments review outlines action taken in recent months and describes challenge of bringing down inflation to an acceptable level on a sustainable basis as “significant”
Bank of Canada paper captures hot potato effect of inflation
Bank of Canada study finds evidence of hot potato effect in buyers’ spending patterns in response to higher inflation
Bank’s King adamant inflation will fall
Bank of England governor Mervyn King maintains inflation will drop towards target after Office for National Statistics reports largest rise in annual CPI since September 2008
National Bank of Poland paper forecasts inflation using survey data
National Bank of Poland study says consumer sentiment can be effectively eliminated from inflation expectations in survey data
RBI paper measures optimum inflation threshold
Reserve Bank of India study makes case for adoption of lower inflation target than current threshold level
IMF paper identifies source of inflation in Cemac nations
Fund study says inflation in Central African Economic and Monetary Community countries largely driven by global food and fuel prices
BoE injects £75 billion to save stalling economy
Bank of England Monetary Policy Committee votes for further round of quantitative easing; increases size of asset purchase programme to £275 billion
IMF paper incorporates financial sector risk in monetary policy models
Fund study examines risks of including financial stability indicators in monetary policy reaction models