Inflation
Bangkok names new central bank governor
Thailand’s cabinet selects former Securities and Exchange Commission chief Prasarn Trairatvorakul to take over as central bank head; markets, analysts welcome announcement
FROM THE ARCHIVES: new MPC member criticises Greenspan put
In this article, taken from the August 2003 edition of Central Banking, Martin Weale, on Monday named the Bank of England’s new rate-setter, argues against the Federal Reserve keeping rates at low levels following the bursting of the dotcom bubble
Central Bank of Brazil: inflation tax risked hyperinflation
Brazilian central bank study shows the country risked weak hyperinflation in the past due to high income tax elasticity
Iran’s central bank needs greater independence: research group
An Iranian research centre says Iran’s central bank requires greater autonomy from government if it wants to battle inflation
St Louis Fed: FOMC largely ignored Phillips curve framework
A St Louis Federal Reserve study on Fed transcripts shows the FOMC was split on whether to use the Philips curve in monetary policy decisions
EXCLUSIVE: We must review how monetary policy impacts prices, says Plosser
President of Philadelphia Fed says central bankers need to rekindle research into monetary transmission in order to better understand relationship between monetary policy and inflation
Interview: Charles Plosser
President of the Philadelphia Federal Reserve tells Central Banking Publications why central banks must review how monetary policy translates into inflation; warns against viewing monetary institutions as omnipotent
EXCLUSIVE: Ghana’s Amissah-Arthur defends inflation targeting
Bank of Ghana governor Kwesi Bekoe Amissah-Arthur says framework is broader than its critics argue; points to problems in Ghanaian banking sector
EXCLUSIVE: We must accept central banks’ limitations, says Fed’s Plosser
Philadelphia Federal Reserve president warns mistaken view of central banks as omnipotent risks damaging their credibility
Posen breaks with Bank line on inflation
Bank of England’s Adam Posen believes the impact of consistently above-target inflation on expectations has led to high inflation; counters belief that price pressures can be attributed to temporary shocks
Boston Fed on expectations, output and inflation
Research from Boston Federal Reserve shows low marginal cost presses down on inflation even when central bank’s explicit inflation target is clearly communicated and understood
Bank’s Fisher on why inflation remains high
Bank of England’s executive director for markets says temporary shocks and lack of downward pressure from economic slack have left inflation above 2% target
Bank’s pledge to support growth could face internal resistance
Government repeats promise of loose monetary and tight fiscal policy even as officials within the Bank of England make the case that inflation is getting out of hand
Bank of Mexico: prices heterogeneous between sectors
Bank of Mexico study on price movements shows that prices vary considerably across sectors, with contrast greatest between unregulated and regulated sectors
PNG’s Popoitai: inflation could get out of hand
Papua New Guinea central bank deputy governor Benny Popoitai says inflationary pressures are rising from escalation in capital inflows
Iceland poised to lift all capital controls
Central Bank of Iceland says full liberalisation could begin at the end of July, as króna continues to soar and inflation falls closer to target; draws on bilateral credit lines to boost reserves
Bank’s Sentance in shock call to raise rates
Arch hawk argues inflation risks warrant quarter-point hike in rates
Bank of Finland Bulletin (2010/1)
Bank of Finland's bi-annual Bulletin shows Finnish economy was more sluggish than euro area as a whole during last six months
Sri Lanka's Cabraal gets second term
Sri Lankan central bank governor Ajith Nivard Cabraal gets a further six years at the helm; credited with bringing inflation back under control
Central Bank of Peru - Annual Report (2009)
Peruvian central bank's 2009 Annual Report shows country recorded modest growth
RBA minutes show central kept rates unchanged over euro fears
The Reserve Bank of Australia’s board kept rates on hold at 4.5% amid uncertainty over Europe’s fiscal position
BoE survey shows inflation expectations have hit fresh high
A Bank of England survey shows inflation expectations in the United Kingdom increased to a new 21-month high
Japan’s new finance minister says government will not interfere in BoJ policy
Japan’s newly appointed finance minister Yoshihiko Noda says current central bank stance is fine
Philly Fed: central banks can do more to anchor inflation expectations
Philadelphia Federal Reserve study argues monetary authorities can better anchor inflation expectations by focusing on short term rates