Inflation
National Bank of Slovakia – Monthly Bulletin (November 2010)
Annual inflation remained on hold at 1%
Eurozone inflation climbs above 2%
First time since autumn 2008 that inflation has been above European Central Bank target
Bank minutes: inflation may hit 4% in spring
Bank of England Monetary Policy Committee warns inflation could reach 4% in spring; says pace and extent of subsequent fall highly uncertain
Semi-structural models and inflation forecasting: Bank of Canada paper
Bank of Canada study finds semi-structural models best traditional New Keynesian Phillips Curve, bivariate vector autoregression models at inflation forecasting
Pakistan's Kardar on domestic inflation dynamics
State Bank of Pakistan governor Shahid Kardar explains burgeoning price growth; cites government spending on subsidies as a factor
Policy reform provided shelter from global storm: IMF paper
IMF research examines how monetary policy reform in Latin America enabled economies there to weather the global financial crisis
Philadelphia Federal Reserve – Livingston Survey (December 2010)
Philadephia Federal Reserve’s biannual survey of economists shows expectations of high unemployment, low inflation in 2011
Fed reviews use of monetary aggregates in policymaking
Federal Reserve study says use of monetary aggregates should be considered for monetary policy decision making
Inflation expectations rising in India: RBI
Reserve Bank of India’s December Bulletin says inflation expectations in India are rising due to an increase in expected food prices
CEPR: inflation targeting a success in Asia
Centre for Economic Policy Research study says introduction of inflation targeting framework in Asian countries reduced inflation persistence
ECB launches two educational games
European Central Bank president Jean-Claude Trichet says launch of educational games will inform public about monetary policy activities
QE3 possible if conditions warrant it, says Bernanke
Federal Reserve chairman Ben Bernanke says a further expansion of Treasury bill purchase programme is possible; stresses worries on unemployment
State Bank of Pakistan blames government for rate hike
Pakistani central bank says 50 basis point interest rate hike made necessary by government’s excessive borrowing
MAS: capital inflows pose serious risks to emerging markets
Monetary Authority of Singapore's Financial Stability Review warns accommodative monetary policies present substantial inflationary risks to emerging economies
Tombini named new governor of Brazilian central bank
Central Bank of Brazil deputy governor Alexandre Tombini to replace current governor Henrique Meirelles
Fed’s Lacker warns of elevated inflation expectations
Richmond Federal Reserve president Jeffrey Lacker says using monetary policy to address unemployment risks permanently elevating inflation expectations
The People’s Bank of China’s battle on two fronts
Events both at home and abroad have kept China’s central bank busy in recent months. Hui Feng reports.
Sarb makes fresh bid to revive output
South Africa Reserve Bank cuts rates by 50 basis points in bid to boost output; analyst says policy subscribed will have little impact on supply side
King’s letter to chancellor highlights inflation uncertainty
Inflation of 3.2% in October prompts Bank of England governor Mervyn King to pen another letter to the chancellor; move highlights high degree of uncertainty
Czech National Bank – Inflation Report (November 2010)
Czech National Bank Inflation Report says growth in Czech Republic expected to moderate due to government austerity measures
New York Fed announces QE2 purchase plan
New York Federal Reserve sets schedule for $105 billion-worth of purchases of Treasuries over the next month
Israel's Fischer: house prices pose threat to financial system
Bank of Israel governor Stanley Fischer says rising house prices could spur next financial crisis
RBI reopens second liquidity line to prevent credit squeeze
Reserve Bank of India introduces second liquidity adjustment facility after growth in government savings absorbs liquidity in money markets
RBA flags sharp rise in commodity prices
Reserve Bank of Australia Monetary Policy statement says high commodity prices could lead to further rate hikes