Inflation
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
Israel’s Fischer on inflation targeting
Governor of the Bank of Israel Stanley Fischer stresses achievements of inflation framework
Indonesia's Nasution set to be made full governor
Bank Indonesia acting governor Darmin Nasution is likely to take on leadership officially after scoring sole nomination of the country's president; lawmakers view Nasution as a safe pair of hands
Rate move highlights gap between Russia and other Brics
Country remains in expansionary mode while fellow emerging markets start tightening due to structural and circumstantial factors
Turkish minutes flag instability in lending markets
Minutes from Turkish central bank's May meeting show policymakers fixed one week repo rate at 7% to reduce fluctuations in lending markets
China’s Li calls for tightening on back of housing bubble fears
People’s Bank of China monetary policy committee member Li Daokui warns economy may overheat unless tighter monetary policies are put in place
Cyprus: Fed took over-simplistic approach to controlling inflation
Cypriot central bank inflation study finds Fed failed to curb price growth in 1960s, 1970s
Bank of Korea elbows government out of rate decisions
Korean central bank wins battle to keep vice minister out of rate calls; government representative can attend and observe future policy meetings, but must leave before policymakers vote
Hungary defies government calls for cuts
National Bank of Hungary keeps benchmark rate flat at all-time low; decision will further anger new government, which has called for steeper cuts and easy money