Williams used to be top adviser to now Fed chair Janet Yellen
Bank of Japan Governor Haruhiko Kuroda on Thursday said the central bank stood poised to unleash further stimulus measures if necessary as it continues to chase its lofty 2 percent inflation target, while maintaining an upbeat view of the economy.
June is out. July might be too soon. The Federal Reserve’s next interest-rate increase is coming, but even September isn’t a sure bet.
Prices of many foodstuffs such as pulses, sugar, vegetables and poultry products are set to surge in India in the next three months on thin supplies, which could fuel inflation and give the central bank little room to cut rates, said analysts.
The government will launch the sixth batch of inflation-linked iBonds, worth HK$10 billion, at the end of the month despite signs of subdued inflation for Hong Kong this year.
China’s consumer inflation remained modest in April, while producer prices’ four-year slump moderated as commodity prices rebounded, easing concerns about deflationary risks to the world’s second-largest economy.
Spending by New Zealand shoppers on their credit and debit cards fell in December last year, adding to concerns that inflation is proving to be stubborn.
The Bank of Korea (BOK), South Korea' s central bank, on Wednesday decided to lower its inflation target by one percentage point to 2 percent for the next three years, raising worry about a sharp decline in inflation target that may lead to troubles in achieving the goal amid volatile oil prices.
Japanese firms expect inflation to rise at a rate less than predicted three months ago, in a sign that faith in the central bank's reflationary efforts is waning, statistics from the Bank of Japan (BOJ) showed Tuesday.
South Korea's headline inflation stayed at a zero percent for 11 straight months though the inflation advanced in October from the previous month, a government report showed Tuesday.
The U.S. Federal Reserve on Thursday kept its benchmark interest rate unchanged, saying the rising uncertainty abroad and low inflation were the key reasons behind the decision.
China's pork prices, which has been rising for three months straight, led China's consumer price index (CPI) to grow 2.0 percent in August from a year ago, up 0.35 percentage point from July, and higher than average market expectation of 1.9 percent.
Hot pork prices are stirring up gripes around China's dinner tables as well as concerns that the trend, if it continues, may derail the country's easing monetary policy stance.
Analysts on Thursday expressed mixed reactions to the South African central bank's decision to raise the repo rate to 6.0 percent.
Chinese consumers have been shocked by recent rises in the price of pork, the nation's favorite meat, with policymakers also concerned about what impact its costliness will have on inflation and the economy.
Growth in China's consumer price index (CPI), a main gauge of inflation, edged up to 1.4 percent in June, slightly above market forecasts of 1.3 percent and 1.2-percent rise in May.
The Bank of Canada announced Wednesday that it is maintaining its target for the overnight rate at 0.75 percent. The Bank Rate is correspondingly one percent and the deposit rate is 0.5 percent.
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