Sentences with phrase «inflation targeting as»

In this respect, Mervyn King (1997) has characterised inflation targeting as «trust building by talk» (see also Kuttner and Posen 1999).

The past two decades have seen the increasingly widespread adoption of inflation targeting as the framework for monetary policy.

Poloz described the inflation target as «sacrosanct» to the Bank of Canada, an «anchor» for Canadians» inflation expectations.

You can see this sense of priorities — with medium - term price stability being the sine qua non, and our acceptance that inflation may vary a little over the course of the cycle — in the specification of the inflation target as being an average «over the course of the cycle».

I think the inflation target as we have operated it has the requisite degree of flexibility.

Stephen Stanley, Amherst Pierpont Securities Chief Economist, says traditionally, people have viewed a 2 % inflation target as being lopsided.

This Statement on the Conduct of Monetary Policy reiterated the Reserve Bank's broad goals stipulated in the Reserve Bank Act, and endorsed the inflation target as the practical interpretation of the medium - term goal of price stability.

From the inception of the inflation - targeting regime, the press releases have made explicit reference to the inflation target as the primary justification for the monetary policy decision.

Capital Economics US economist Andrew Hunter said: «The description of the inflation target as «symmetric» could be interpreted as a sign that officials will tolerate inflation rising modestly above 2 per cent over the coming months.

Not exact matches

Major central banks» 2 percent inflation target appeared elusive as wage growth hasn't caught up with a stronger economy and jobs market.

BoC Governor Mark Carney feels he doesn't have to raise rates because inflation, as measured by the core Consumer Price Index (CPI) is still within target.

NEW YORK, May 2 - U.S. stocks fell on Wednesday as investors digested a statement from the Federal Reserve, which left interest rates steady and said inflation had «moved close» to its target, while the dollar climbed late against a basket of currencies.

Stanford says Morneau and the Bank of Canada should use the mandate review to «put everything on the table,» and take a hard look at adopting a completely different target, such as job creation or «sustainable growth» instead of inflation.

Canada's central bank, one of the first to adopt an inflation target, is as committed to the policy as ever.

«If they do target aggressively the 2 percent inflation target, and undertake a significant amount of QE, that may have an impact on underlying JGB (Japanese government bond) yields as investors become concerned over Japan's debt,» he said.

As far back as 2002, while vice minister, Kuroda used an opinion column in the Financial Times, co-written with his deputy at the finance ministry, to call for «aggressive monetary policy» from the central bank, including an inflation target, aimed at «drastically changing price expectations.&raquAs far back as 2002, while vice minister, Kuroda used an opinion column in the Financial Times, co-written with his deputy at the finance ministry, to call for «aggressive monetary policy» from the central bank, including an inflation target, aimed at «drastically changing price expectations.&raquas 2002, while vice minister, Kuroda used an opinion column in the Financial Times, co-written with his deputy at the finance ministry, to call for «aggressive monetary policy» from the central bank, including an inflation target, aimed at «drastically changing price expectations.»

Asian shares closed mixed on Thursday as U.S. - China trade talks kicked off and investors digested an acknowledgment by the Federal Reserve that inflation had moved nearer its target.

The Bank of England (BOE) said Thursday that U.K. inflation should now overshoot its 2 percent target as early as late 2017 and would also be lower than previously expected.

In the grander scheme of things, and as a red flag, this is another asset class that has enormously benefited from asset price inflation, stirred up by the Fed's well - targeted monetary policies since the Financial Crisis.

This theory is why the Fed is thinking about raising rates even as inflation has consistently fallen below its 2 % annual target, because the central bank believes it needs to get ahead of rising inflation that a falling unemployment rate will cause.

But inflation remains distant from the BOJ's 2 percent target as companies hold off on raising prices and wages, citing uncertainty over the economic outlook.

The U.S. labor market is widely viewed as close to full strength and inflation has shown signs of moving closer to the Fed's 2 % target.

«The markets at the moment really want to see a rate hike by the central bank, as a sign that it is still a credible institution; that it's taking its inflation targeting somewhat seriously and that it is prepared to stand up to government pressure,» Capital Economics senior emerging markets economist William Jackson said.

The U.S. Federal Reserve's gauge of inflation remains stubbornly below its 2 percent target, but U.S. 10 - year Treasury yields spiked to near four - year highs in January as a bond sell - off gathered steam.

Inflation has been running below target, recent economic growth has been sluggish, and the housing sector has been tapped out as a source of growth.

If the Fed raises rates this year, as most of his colleagues expect, «things could go okay, but you are creating a risk of further declines in where market - based inflation expectations are, basically to the credibility of our inflation target, and I think you are creating downside risks our pursuit of our employment mandate.»

«CPI inflation has risen above the MPC's 2 % target as the depreciation of sterling has begun to feed through to consumer prices,» it said in its May Inflatioinflation has risen above the MPC's 2 % target as the depreciation of sterling has begun to feed through to consumer prices,» it said in its May InflationInflation Report.

The Fed's targets 2 percent inflation growth as a sign of healthy and sustainable economic growth, but has failed to reach that level despite a decade of historically accommodative policy.

The triumph of inflation targeting is significant, because monetary policy can be used to influence other things as well.

U.S. data on Monday showed that consumer prices accelerated in the year to March, with a measure of underlying inflation surging to near the Federal Reserve's 2 percent target as last year's weak readings dropped out of the calculation.

During a Saturday session at the symposium, such a slump in expectations about inflation and about other aspects of the economy was cited as a central problem complicating central banks» efforts to reach inflation targets and dimming prospects in Japan and Europe.

John Canally, chief economic strategist for LPL Financial, said the language may continue to be used in coming months «as transition words» until «it becomes clear to FOMC members that the overall economy, the labor market, and inflation are well on their way toward hitting the FOMC's targets.»

Those expectations have become deeply anchored and, some argue, encouraged by the Fed's reluctance to increase rates even as the economy has approached its employment and inflation targets.

That insight, as obvious as it may seem, conflicts with the Fed's policy of raising interest rates preemptively, even as inflation continues to undershoot its target, essentially on concerns that a 17 - year - low 4.1 % jobless rate may already be beyond what officials consider «full employment.»

Schembri defines the neutral interest rate as «the interest rate consistent with the economy growing at its potential and inflation staying on target.

Inflation is expected to breach its target this year as a tightening labor market boosts wage growth.

The inflation target is expressed as the year - over-year increase in the total consumer price index (CPI)-- the most relevant measure of the cost of living for most Canadians.

Japan's central bank, which has been under intense political pressure to overcome deflation, doubled its inflation target to 2 percent as had been widely expected.

Expect the Federal Reserve to raise its interest rate targets once between now and then — but only once, as U.S. economic growth stays steady but slow, while inflation and wage growth also remain modest.

The document reportedly indicates that as long as inflation remains below the Fed's self - imposed target of 2 %, the bank can keep printing money to fight unemployment.

In what is widely seen as a watershed moment, the Bank of Japan on Tuedsay doubled its inflation target to 2 percent and made an open - ended commitment to buy assets from next year, surprising markets that had expected another incremental increase in its $ 1.1 trillion asset - buying and lending program.

«We still see U.K. inflation being clearly on the way up with the 2 percent target being reached in (the first quarter of) 2017 as exchange rate pass - through continues,» RBC analysts posited in a note on Tuesday morning.

The investor lambasted what he called an «arbitary» 2 percent inflation target set by the central bank, a goal he views as both outdated and dangerous.

Yellen added that «as oil price declines and other transitory factors dissipate» the Fed expects inflation to move back towards its 2 % target.

«In the U.S., this obsession on inflation targeting has lately been taken to a new level as former Fed Chair Ben Bernanke has floated the idea of a price - level targeting mandate for the Fed.

Others are convinced that the Federal Reserve is unlikely to hit its 2 percent inflation target this year as low U.S. inflation is set to continue.

However, US inflation continues to undershoot the Federal Reserve's official 2 % target, as it has for most of the economic recovery from the Great Recession.

In this sense, these core measures of inflation act as an operational guide to help the Bank achieve the total CPI inflation target.

Short - dated Treasury debt now provides an attractive real return as yields now stand firmly above realized and target levels of inflation.

The Fed intends to keep short - term rates near zero as long as unemployment remains above 6.5 % and inflation remains below 2.5 % (but these could be moving targets).