Inflation
Bank’s inflation argument ‘fanciful’: ex-MPC’s Julius
Former Bank of England rate-setter DeAnne Julius says inflation expectations risk becoming unmoored; monetary policy acting for financial stability, ex rate-setter Tim Besley adds
Ex-Bank economists parry fears of wage-price spiral
Upsurge in inflation will not pass through into wages, economists at Fathom Consulting believe
PBoC hikes rates again
People’s Bank of China raises rates for second time in less than two months amid rising food prices; analysts predict further rate hikes this year
Bank of Israel inflation report finds rate moving higher
Bank of Israel fourth-quarter 2010 Inflation Report finds evidence inflation is beginning to edge upward on higher energy and food prices
Bank’s Weale explains thinking behind vote for hike
Bank of England external rate-setter Martin Weale says fear of higher inflation expectations becoming ingrained is real
Pakistan adopts wait-and-see tack despite high inflation
State Bank of Pakistan, buoyed by improvement in government borrowing, current account surplus, thwarts expectations of rate hike
Philippines’ Tetangco to get second term: reports
Central Bank of the Philippines governor Amando Tetangco reportedly set to be offered second term at the helm; Tetangco credited with anchoring inflation expectations following recent spikes
Bank’s Weale joins Sentance in vote for rate hike
Bank of England’s external MPC member Martin Weale joins Andrew Sentance in vote for 25-basis point rate hike; decision marks growing divisions in rate-setting committee
Supply shocks are dictating inflation, King insists
Bank governor reiterates view that temporary events are keeping prices elevated, says development of second-round effects key to picture on underlying inflation; remarks divide analysts
Reserve Bank of India - Financial Stability Report (December 2010)
Reserve Bank of India December 2010 Financial Stability Report says Indian economy rebound strongly despite measured risks
Central Bank of Turkey - Inflation Report (January 2011)
Central Bank of Turkey January 2011 Inflation Report revises inflation forecast for food prices upward
RBI hikes, saying inflation set to climb
Reserve Bank of India raises key rates by 25 basis points each while lifting baseline inflation projection 150 basis points; points to complex interplay of demand, supply side factors
ECB - Monthly Bulletin (January 2011)
European Central Bank January 2011 Monthly Bulletin says data on bonds indicate rise in inflation expectations
Tombini’s inflation credentials strengthened by Brazil rate hike
Central Bank of Brazil lifts target rate by half a point to contain burgeoning price pressures; hike comes in first rate-setting meeting under charge of new governor Alexandre Tombini
Bank rate set to remain on hold despite fresh rise in inflation
Bank of England unlikely to raise rates despite higher-than-forecast rise in inflation in December; analysts say central bank is right to keep rates on hold
Jamaica’s Wynter: correct policies can ease inflation
Bank of Jamaica governor Brian Wynter says stable public finances and central bank autonomy can alleviate inflationary pressures
Boston Fed’s Rosengren parries inflationary fears
Boston Federal Reserve president Eric Rosengren says latest quantitative easing programme is not inflationary
Argentina raises deposit insurance ceiling: reports
Central Bank of Argentina quadruples cap on bank deposit insurance to better reflect falling peso
High inflation stirs banknote shortage in Argentina: reports
Inflationary pressures in Argentina create shortage of high-denomination banknotes forcing long queues at cash machines
Shekel gains leave Bank of Israel cautious over rate hike
Bank of Israel minutes show members of the central bank’s narrow forum feared interest rate hikes would lead to further gains in the shekel
QE2 will create jobs, Yellen tells critics
Federal Reserve vice-chair Janet Yellen says further quantitative easing will address weak labour demand and generate roughly 700,000 jobs
Stability objective should drive financial policy, says BoE’s Bailey
Bank's Bailey says stability goal must not be swayed by “murky compromises with other objectives”
Renminbi liberalisation, price stability priorities: PBoC
People’s Bank of China says currency internationalisation, price stability top priorities for 2011, following annual meeting
IMF paper investigates drivers of extreme commodity price movements
Fund research looks to wine and crude oil prices to uncover the causes of volatility