Inflation
SA's Mboweni braves political pressure, hikes rate
Tito Mboweni, the governor of the South African Reserve Bank, reaffirmed his commitment to the central bank's inflation target on Thursday, raising rates by half a point to 11.5% in the face of intense political pressure.
Turkey's Yilmaz on managing inflation expectations
New communication tools have played an essential role in managing inflation expectations in Turkey, said Durmus Yilmaz, the governor of the central bank.
Nigeria raises rates 50bp, flags further hikes
Nigeria's central bank raised rates to 10% and warned that policy would need to tighten in the future with "huge fiscal injections" expected.
Turkish disinflation delayed by global conditions
Rising global uncertainty and rampant food and energy price growth may lead to some delay in reaching the inflation target, the March Monetary Policy Committee Meeting minutes of the Central Bank of Turkey state.
Watanagase upbeat on Thai economy
Tarisa Watanagase, the governor of the Bank of Thailand, says the strong performance of the country's economy "under significant downside risks" is testament to its resilience.
Kansas Fed finds changing inflation dynamics
This research by the Kansas Federal Reserve finds that the dynamics of inflation and long-term inflation expectations have changed over the last two decades.
Fed's Mishkin makes his point on inflation
In one of his strongest advocacies of inflation targeting since joining the Federal Reserve in 2006, Frederic Mishkin argued that countries should adopt a specific point objective for price stability rather than having a target range.
France's Noyer: we will beat inflation
"Is inflation set for a comeback?" asked Christian Noyer, the governor of the Banque de France, in a speech in Paris. It might look that way, but central banks can still save the day was his answer.
South African inflation rockets to 9.4%
Soaring food and transport costs prompted South Africa's inflation rate to leap by more than half a percentage point in February.
Polish rate-setter hints at further hikes
A member of the National Bank of Poland's rate-setting board said he expected rates to surpass 6% following the decision to raise rates on Wednesday 26 March.
Romania raises rates to 9.5%
The National Bank of Romania hiked rates by half a percentage point for the third straight month as inflation hit 8%.
Estonia's Ross urges fiscal caution
Tallinn must pursue a frugal fiscal policy to ensure it meets the Maastricht criteria for euro adoption, said Marten Ross, a deputy governor at the Bank of Estonia.
Czech challenges in monetary policy
A new paper published by the International Monetary Fund concludes that Czech National Bank will have to raise rates if the proposed reduction of the inflation target in 2010 is not fully incorporated into public-sector behaviour and inflation is above…
Iceland makes emergency hike as krona plummets
The Central Bank of Iceland raised rates by a massive 125 basis points to 15% on Tuesday 25 March, little over a fortnight before its next scheduled rate-setting meeting.
Israeli rates hit record low with half-point cut
The Bank of Israel cut its base rate to a new low of 3.25% on Monday 24 March.
Mauritian key rate down to 8.5%
The Bank of Mauritius chopped half a point off its benchmark repo rate on Monday 24 March.
Turkey keeps rates on hold
The Central Bank of Turkey has left rates unchanged for the first time in seven months.
April rate cut more likely on back of BoE minutes
Market expectations of an April rate cut rose after the publication of the minutes of the Bank of England's latest Monetary Policy Committee meeting.
Global warming to exacerbate price pressures
Christian Noyer, the governor of the Banque de France has warned that climate change is set to compound inflationary pressures.
Georgia holds rates at 11%
The National Bank of Georgia on Wednesday 19 March kept rates on hold, after hiking by a full percentage point last month.
UK inflation jumps to 2.5%
British inflation rose by 0.3 percentage points in the year to February, an increase that was widely expected after the Bank of England said last month that price growth was set to accelerate over the next quarter. Changes to the way in which the measure…
Commodity prices prompted RBA rate rise
The likelihood of rampant commodity price growth over the course of 2008 led the Reserve Bank of Australia to hike rates by a quarter point earlier this month, minutes of the March monetary policy meeting reveal.
UK inflation expectations surge to record high
The British public expects prices to rise by 3.3% over the next 12 months, their highest-ever estimate.
Chile keeps rates at six-year high
The Central Bank of Chile held rates at 6.25% for the second month in a row.