Sentences with phrase «inflation targeting countries»

For inflation targeting countries, it would certainly be a retrograde step in my view to be perceived as walking away from a framework which has for a decade delivered good results, in favour of some explicit pursuit of asset prices per se.

For inflation targeting countries such as Australia, stressing the symmetry of the target is quite important in this context.

Inflation targeting countries also do not have current accounts or international reserves that look different from other countries.

Not exact matches

The Fed has an inflation target of 2 % and most other countries target CPI inflation, but the Fed has chosen to target PCE inflation.

«In fall 2016, the Bank of Canada, in cooperation with the Minister of Finance, will decide whether or not to change the country's inflation target.

On Thursday, Kocherlakota forecast inflation to stay below the Fed's 2 - percent target until 2018, a sign that the country is not taking full advantage of its resources.

It is durable; in contrast to other monetary regimes, no country has been forced to abandon an inflation - targeting regime.

A large number of industrial and a growing number of developing countries now have domestic inflation targets administered by independent and transparent central banks.

The chart shows estimates by the International Monetary Fund of output gaps and credit gaps during that period; while such estimates are obviously imprecise, they suggest that in most of those countries, inflation targeting and financial stability may have been complementary, rather than conflicting goals.

These countries share other weaknesses as well: excessive fiscal deficits, above - target inflation, and stability risk (reflected not only in the recent political turmoil in Brazil and Turkey, but also in South Africa's labour strife and India's political and electoral uncertainties).

The inflation targeting regime has been a success in Australia, as it has in other countries that have adopted this approach.

In that regard, it is worth noting that the three major economic areas, none of which have an explicit inflation - targeting framework have suffered at least as large an economic dislocation as the inflation - targeting countries, and in the case of Japan, considerably larger.

We have always practised flexible inflation targeting in this country.

Countries such as the US without a formal target have also indicated that there is an inflation rate so low as to be undesirable.

Currently, ten of the eleven EMU countries have headline inflation above the euro area target rate of 2 per cent.

Headline inflation in the 19 - country eurozone was just 0.2 % in the year to end - August, according to Eurostat, while core inflation (excluding food and energy) was 1 %, well off the ECB's inflation target of just below 2 %.

At the same time, inflation has been stuck above the bank's target and the country continues to grapple with a trade deficit, a struggling manufacturing sector and an overheated housing market.

Imagine a world in which all countries of significance had been following a medium - term, flexible target for CPI inflation, coupled with appropriate exchange rate settings.

Suppose a country faces an insufficiency of aggregate demand and below - target inflation, but can generate the demand needed to close the gap and push inflation up to target only by fostering a rise in private sector leverage.

Many emerging countries could benefit from moving to this generic type of regime, and to help this process, we need a vigorous debate about when to intervene (and, more importantly, when not to); what role interest rates and inflation targets might play; and what additional measures might help to handle large and volatile capital flows.

The President highlighted some of the obstacles to realizing the roadmap for the implementation of a single currency in the sub-region to include, diverse and uncertain macro — economic fundamentals of many countries, unrealistic inflation targeting based on flexible exchange rate regime and inconsistency with the African Monetary Co-operation Programme.

Following last year's General Election, the country faced a dreadful crisis in monetary, fiscal and financial terms: inflation was well below target; the budget deficit was of eye - watering proportions; and the banks were feeble and hesitant.

We have an inflation - targeting regime which has served this country well and provided stability.

The Bank of Canada should resume raising rates this fall to help cool the country's hot housing market and allow the bank to reach its inflation target, the Paris - based think tank said.

But inflation is tame in many countries and data out earlier this week showed the U.S. consumer price index rising at an annual rate of only 1.2 per cent, significantly below the Fed's inflation target of two per cent.