Sentences with phrase «inflation forecasts»

Analysts also cut inflation forecasts for this year and next.

True, the bond market's implied inflation forecast has shot up since last year; but that's almost entirely because of oil rather than economic fundamentals.

Inflation targeting is supposed to be inflation forecast targeting.

Thus the focus of the public and financial markets should be on the accuracy of the central bank's inflation forecast at the policy horizon.

With global inflation forecast to pick up, is it time to add exposure to commodities, where fundamentals are improving and valuations are attractive?

The median inflation forecast of private - sector economists for the year to June 2001, as surveyed by the Bank following the release of the June quarter CPI, has increased to 5.5 per cent from 5.3 per cent in the March survey.

A survey of trade union officials, conducted by ACIRRT (Australian Centre for Industrial Relations Research and Training) following release of the June quarter CPI, gave a median inflation forecast of 2 per cent over the year to June 1999, rising to 3 per cent over the year to June 2000 (Table 8).

The persistent euro strength continued to influence decision making, as Draghi lowered inflation forecasts to 1.5 % this year and 1.2 % next year.

The core inflation forecast for 2018 was also downgraded again, from +2.0 % to +1.9 %.

Embedded in the market is a long - term inflation forecast of about 2.5 percent.

Nevertheless, with the ECB's own inflation forecast for 2019 still only at 1.7 %, our sense is that ECB President Draghi is likely to wait for far more compelling evidence that the eurozone economy is generating appropriate and sustainable levels of price increases before contemplating a change of stance.

Again, the assessment was made that the inflation target was not in jeopardy in the medium term with year - ended inflation forecast to be within the targeted range once the effect of the GST had passed.

According to Wilkins Finance currency expert, Carlos Vigil: «When inflation forecasts do not move as expected, currencies react accordingly.

However, as the minutes showed, the central bank is confident that «the recovery has now moved into an expansionary phase» with growth picking up and inflation forecasts indicating a return to pre-crisis levels in the short - term.

In this respect, the RBA's approach to inflation forecasting corresponds to Blinder's recommendation: «Use a wide variety of models and don't ever trust any of them too much» (Blinder 1999, p 12).

The Bank of Canada is not supposed to follow any simple instrument rule, like a Taylor Rule, if that simple rule leaves out any information that might be relevant for the Bank's internal inflation forecast.

Over the past three months, the financial market economists surveyed by the Bank have made no substantial revisions to their near - term forecasts for inflation, with the median CPI inflation forecast for the year to June 2004 remaining unchanged at 2.3 per cent (Table 17).

ECB signals a lower sense of urgency European Central Bank president Mario Draghi said this week that deflation risks in the eurozone have «largely disappeared,» as ECB inflation forecasts were raised to 1.7 % from 1.3 % for 2017 and 1.6 % from 1.5 % in 2018.

The implied inflation forecast via the yield spread for the nominal 10 - year rate less its inflation - indexed counterpart ticked up to 2.16 % on Wednesday (Apr. 18)-- the highest since the summer of 2014, based on Treasury.gov's daily data.

Headline inflation forecasts for the current year were revised down even more dramatically, mainly reflecting the impact of falls in mortgage interest rates.

While this has been going on, however, Tesco has put pressure on suppliers to keep prices down in an attempt to absorb some of the 3 % food inflation forecast for the UK.

I suspect that bond investors are embedding higher inflation forecasts into their prices, and that the balance has tipped.

The Fed's own inflation forecast anticipates continued low inflation at 1.6 % in 2017 creeping up to 2 % in 2018 and 2019 and not seeing any increase later on.

The RBA will need to see further progress towards an unemployment rate of 5 % and inflation forecast heading towards 2.5 % to consider any upward adjustment in the cash rate.

The five - year nominal Treasury is yielding about 1.1 percent, and the Philly Fed's five - year inflation forecast is 2.0 percent (meaning the nominal five - year Treasury has an expected return of -0.9 percent versus the TIPS yield of -0.35).

In short, the stronger euro has led to lowered inflation forecasts, but the revisions were minor enough that the ECB considered then «broadly unchanged.»

And because of this weakness, the Fed was forced to downgrade its core inflation forecast for 2017 yet again, this time from +1.7 % to +1.5 %.

This includes regular press conferences following Federal Open Market Committee (FOMC) meetings by the Fed chair; the publishing of growth and inflation forecasts of FOMC participants; and a concerted attempt to lay out the guideposts that the FOMC will look at to assess progress toward our mandate.

The whole point of inflation forecast targeting is that the Bank of Canada does not «accommodate» any shock to Aggregate Demand that would change its internal forecast of future output and hence future inflation.

Bank of America Merrill Lunch says that a 10 % appreciation of the currency removes 40 - 50 basis points from medium - term inflation forecasts.

The Treasury market's implied inflation forecasts have pulled back from recent highs, but the upside bias remains intact.

In fact, respondents have raised their consumer price index or CPI (NYSE: CPY) inflation forecast for in four of the past five surveys.

The central bank kept its inflation forecast for this year at 2.7 percent but said that some of its monetary policy committee members «moved a little closer» to their limits for tolerating an overshoot in the bank's inflation target.

The Fed's inflation forecast is presented in a chart that has been termed, the «dot plot,» with each Fed official's targets for the fed funds rate.

In a research note that included upgrades to his growth and inflation forecasts, Mortimer - Lee also said he was revising his Fed call to include one more hike in 2018 than the central bank is currently projecting.

The Reserve Bank of New Zealand held its key rate at 1.75 %, as most analysts were expecting, and lowered its inflation forecast.

The BoE also revised up its inflation forecasts sharply, due to the big fall in sterling since the financial crisis, predicting it will hit 2.4 % in 2018 and 2019.

Treasury yields rise modestly on Wednesday as the Federal Reserve delivers its first rate hike of the year, while lifting growth and inflation forecasts.

Indeed, in the euro area and Japan, our core inflation forecasts are above consensus for 2018, penciling in an increase to 1.6 % and 1.1 % at year - end, respectively.

Last week, the Russian central bank increased its inflation forecast for this year to 8.2 - 8.4 percent from 7.5 percent.

Consequently, Zentner and her team recently lowered their core personal consumption expenditure (PCE) inflation forecast to 1.4 % for 2017 and 1.7 % for 2018.

True, it was only one quarter's information and that was not enough to change our numerical forecast of inflation, but it did lead us to conclude in our May Statement on Monetary Policy that there was no longer an upward risk to our inflation forecast.

The bank on Monday lifted its end - 2018 inflation forecast to 8.4 percent, when it announced its quarterly inflation report.

The outcome should boost corporate sentiment and could give the European Central Bank more confidence in its growth and inflation forecasts.

The RBA's inflation forecast is based on a suite of single - equation models of inflation supplemented with judgmental adjustments.

This does not mean that the central bank can hide behind a veil of uncertainty but rather that it should acknowledge that uncertainty and convey to the public the implications of the uncertainty for its inflation forecasts and policy actions.

While the allowable short - run variation is not defined, the aim is that in most circumstances, the Bank's inflation forecast should lie between 2 and 3 per cent at the monetary policy horizon, that is, the maximum impact of changes in monetary policy on inflation.

In anticipation of a rise in inflation, and reflecting its inflation forecasts, the Bank raised the cash rate by 275 basis points in three moves over the second half of 1994.

The stance of monetary policy was moved back toward a more neutral setting, reflecting the inflation forecasts.