MOSCOW (Reuters) – The future head of the Bank of England, Mark Carney, dismissed concern on Saturday about the danger of inflation expectations spiraling in Britain and elsewhere. Carney, governor of the Bank of Canada, has been an advocate of flexible inflation targeting, and said last month that monetary policy was not maxed out in [...]
Posts Tagged ‘inflation’
Japan government welcomes BOJ easing steps towards 2 percent inflation
TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Tuesday that the government highly appreciated the Bank of Japan’s decision to switch to an open-ended commitment to buying assets next year and double its inflation target to 2 percent. He said he hopes that the BOJ will pursue strong monetary easing to beat deflation, [...]
Fed’s latest actions to boost growth, prevent inflation: Evans
HONG KONG (Reuters) – The Federal Reserve's decision last year to tie monetary policy to specific economic conditions should help boost the recovery without letting inflation take hold, a top Fed official and chief architect of the policy said on Monday. It also provides additional accommodation by assuring markets that rates will remain low even [...]
Japan PM says Bank of Japan must set 2 percent medium-term inflation goal
TOKYO (Reuters) – Prime Minister Shinzo Abe said the Bank of Japan (BOJ) must set a 2 percent inflation target and make it a medium-term, not long-term, goal to show markets it was determined to pursue bold monetary easing to end nearly two decades of deflation. The government is negotiating with the BOJ to issue [...]
Fed hawks worry about threat of inflation
MADISON, Wis./KANSAS CITY, Missouri (Reuters) – Two top Federal Reserve policymakers expressed discomfort on Thursday with the U.S. central bank's easy monetary policy, in comments suggesting Fed Chairman Ben Bernanke may face more dissent this year. In remarks that stamped her as a hawk on the Fed's policy-setting committee, Kansas City Federal Reserve President Esther [...]
Exclusive: BOJ may ease again, double inflation target – sources
TOKYO (Reuters) – The Bank of Japan will consider easing monetary policy again this month as it eyes doubling its inflation target to 2 percent, sources say, as weakness in the economy threatens to delay the country in getting out of deflation. Any easing will likely take the form of another increase in the BOJ's [...]
Venezuela sees 2012 inflation at 19.9 percent, below target
CARACAS (Reuters) – Venezuelan inflation reached 19.9 percent in 2012, the central bank said in a preliminary estimate on Saturday, beating its official target thanks to strict price controls that business leaders say are unsustainable in the long term. The government of President Hugo Chavez has capped prices for a wide range of consumer goods, [...]
Japan’s Abe heaps pressure on BOJ to set 2 percent inflation target
TOKYO (Reuters) – Japan's next premier, Shinzo Abe, renewed pressure on the central bank to adopt a 2 percent inflation target, saying that he will try to revise a law guaranteeing its independence if his demand is not met. He also said he will pick someone who agrees with his views on the need for [...]
Canada inflation rate slows, puts rate-hike bias in question
OTTAWA (Reuters) – Canada's annual inflation rate fell to a three-year low of 0.8 percent in November, raising questions about the Bank of Canada's stubborn insistence that the next move in interest rates will be an increase. The annual rate, reported by Statistics Canada on Friday, is far below the Bank of Canada's 2.0 percent [...]
Factories flex muscles post storm, inflation subdued
WASHINGTON (Reuters) – U.S. factory output posted its sharpest increase in nearly a year in November as auto production staged a rebound, while consumer prices slipped, offering cautious optimism for the struggling economic recovery. Factories have bounced back after being held down by Superstorm Sandy, which struck the East Coast in late October. Despite last [...]
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