Sentences with phrase «cent inflation target in»

This is consistent with achieving the 2 per cent inflation target in an environment of significant excess supply in Canada.

Not exact matches

«In essence, the bank's saying what it has been saying — it needs to see the economy grow a little more quickly, [and] inflation move toward that 2 per cent target before we can look forward to interest rates going up.»

This suggests that an inflation target greater than 2 per cent should be considered, like they have in Australia (between 2 per cent and 3 per cent over the entire economic cycle).

Although a number of temporary factors are keeping headline inflation near its 2 per cent target, our measures of core inflation are in the lower half of the target band and have been trending downward in recent quarters.

Economists predict inflation will move well above the Bank of Canada's 2 - per - cent target in the coming months, while growth should also return to an above 2 - per - cent pace after a recent slump.

The Royal Bank of Canada now projects inflation will average 2.9 per cent in the third quarter, at the upper end of the central bank's 1 per cent to 3 per cent target range.

Canada's annual pace of inflation in February sped up to 2.2 per cent — its fastest pace in more than three years — to creep above the central bank's ideal target of two per cent.

For the past quarter century, the Bank of Canada has had the responsibility of using monetary policy to achieve low, stable and predictable inflation, a goal cemented in our 2 per cent inflation target.

With potential growth of under 2 per cent and an inflation target of 2 percent, this suggests that annual increases in health transfers will likely fall into the 3 to 4 percent range.

The speech makes clear that the Bank's monetary policy frameworks centres around a flexible inflation target that aims to deliver an average rate of inflation of between 2 - 3 per cent over time and in a way that best serves the public interest.

We can also expect to see a gradual increase in inflation back towards the middle of the 2 to 3 per cent medium - term target range.

Total CPI inflation has risen recently, largely due to movements in gasoline prices, but remains slightly below the 2 per cent target.

The Federal Reserve held interest rates steady and expressed confidence that a recent rise in inflation to near the US central bank's 2 per cent target would be sustained.

A case can be made that the first public exposition of the inflation target came in 1993 in a speech by then Governor Fraser (1993): «My own view is that if inflation could be held to an average of 2 — 3 per cent over a period of years, that would be a good outcome».

In the December quarter, underlying inflation was running at an annualised rate of around 2 1/2 per cent — right at the mid point of the target range.

In circumstances where the forecast lies outside the range over the policy horizon, the forecast path for inflation should be such that inflation would be expected to return to between 2 and 3 per cent within a reasonable period, that is, the trend in inflation should be clearly back toward the target rangIn circumstances where the forecast lies outside the range over the policy horizon, the forecast path for inflation should be such that inflation would be expected to return to between 2 and 3 per cent within a reasonable period, that is, the trend in inflation should be clearly back toward the target rangin inflation should be clearly back toward the target range.

That framework's been in place since the early 1990s, we have hit the target over that 20 year period, the average inflation rate's pretty close to 2.5 per cent, so we regard that as successful by the terms of the definition that we set ourselves and I think that's made a big contribution to economic stability more generally and I don't think it's an accident that that period of fairly low predictable inflation has coincided with pretty good sustained growth in the economy.

The «2 to 3 per cent» specification may appear to suggest that the inflation target in Australia is a narrow band.

Total inflation has been close to 2 per cent and is expected to dip to about 1.7 per cent in the middle of the year before returning to near its target.

As we noted in our July Monetary Policy Report, when all the temporary factors are stripped out, the underlying trend in inflation in Canada is in the range of 1.5 per cent to 1.7 per cent, below our target of 2 per cent.

Underlying Inflation is moving further below the official target of 2 per cent and he attributes this «to excess supply in the economy and heightened competition in the retail sector».

In our most recent Monetary Policy Report, in July, we said that our current policy rate setting of 0.5 per cent was consistent with the economy returning to full capacity toward the end of 2017 and inflation returning sustainably to its targeIn our most recent Monetary Policy Report, in July, we said that our current policy rate setting of 0.5 per cent was consistent with the economy returning to full capacity toward the end of 2017 and inflation returning sustainably to its targein July, we said that our current policy rate setting of 0.5 per cent was consistent with the economy returning to full capacity toward the end of 2017 and inflation returning sustainably to its target.

In our March statement we indicated that our current monetary policy stance remained appropriate to achieve our 2 per cent inflation target on a sustainable basis by around the middle of 2018, whereas US authorities have now begun to tighten.

«With inflation set to stay outside the RBA's target band until at least mid-2017, we expect to see another cut in the cash rate in August to a low of 1.5 per cent.»

Inflation outcomes have been broadly in line with the ECB's target of inflation close to, but less than, 2 Inflation outcomes have been broadly in line with the ECB's target of inflation close to, but less than, 2 inflation close to, but less than, 2 per cent.

Our forecast a few months ago for 2010 was that inflation, measured either in headline or underlying terms, would be in line with our 2 — 3 per cent target.

The Bank's current assessment is that inflation as measured by either the CPI or underlying measures is likely to be in the upper part of the 2 — 3 per cent target zone, once these temporary tax effects have passed out of the calculation.

Despite a tight labour market and strong growth in input prices, consumer price inflation was 1.6 per cent over the year to December, below the Bank of England's 2 per cent target rate.

Despite roaring economic growth in the first half of 2017, the bank has been cautious about slowing exports, wage growth and inflation levels that remain below its two per cent target.

Retail price inflation in the UK continues to hold slightly above the Bank of England's 2.5 per cent target, coming in at 2.8 per cent over the year to September.

The Bank of England raised short - term interest rates by 25 basis points in June to 7 1/2 per cent, citing mounting labour market pressures and an inflation rate above target as key concerns.

The Fed expects inflation, which has run below its 2 per cent target for six years, to stay at 1.9 per cent this year and reach 2 per cent in 2019.

The Alliance says those appearing in the list received a pay increase of 4.6 per cent, over double the government's target for public sector wage inflation.

Inflation stood at 13.2 per cent in February, but the government said it was confident it could meet its 2017 end - year inflation target of 11.2 Inflation stood at 13.2 per cent in February, but the government said it was confident it could meet its 2017 end - year inflation target of 11.2 inflation target of 11.2 per cent.

«What matters for the Bank of England is how well they target inflation, and in this area they have an excellent record of meeting the two per cent target,» the Treasury spokesman added.

Rail passengers face soaring ticket prices as inflation hits 3.1 per cent in July, as the Bank of England warning of the «significant probability» the rate will remain above its target for some time.

For the 12 months ending in October, consumer inflation as measured by the Fed's preferred index is just 0.7 per cent, well below its target.

The bank underlined several areas where it said economic conditions had hit close to its assumptions: the stronger performance in non-energy exports and investment, the economic growth reading for the final three months of 2014 and core inflation near its two per cent target.

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.

Canada started using an inflation target to guide monetary policy in 1991 and has kept the target set at two per cent since 1995.

Total CPI inflation is expected to remain around 1 per cent in the near term before rising gradually, along with core inflation, to the 2 per cent target in the second half of 2014 as the economy returns to full capacity and inflation expectations remain well - anchored.

That last time Canada's inflation rate hit the central bank's ideal target of two per cent was in April 2012, according to Statistics Canada figures.

As we noted in our July Monetary Policy Report, when all the temporary factors are stripped out, the underlying trend in inflation in Canada is in the range of 1.5 per cent to 1.7 per cent, below our target of 2 per cent.

The hike comes as inflation remains below the bank's two per cent target, however it said it believes the recent softness is temporary, with the effects of food price competition, electricity rebates in Ontario and changes in automobile pricing expected to fade.

«While some modest withdrawal of monetary policy stimulus will likely be required over time, consistent with achieving a two per cent inflation target, the more muted inflation outlook and the beginnings of a more constructive evolution of the imbalances in the housing sector suggest that the timing of any such withdrawal is less imminent than previously anticipated.»

This implies softer than expected inflation in coming quarters, with consumer price growth moderating before returning to the Bank's 2 per cent target by the end of 2013.