Sentences with phrase «own inflation forecast»

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.

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.

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.

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.

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.

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

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.

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.

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.

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

Anderson said he is watching the Fed's so - called dot plot, or rate forecast chart for changes, and also its inflation forecast.

The ECB may revise up its inflation forecasts but looks unlikely to deviate from its policy stance, especially after hard - fought internal battles to adopt an asset - purchase program that is just starting to prove effective.

Inflation targeting is supposed to be inflation forecast targeting.

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.

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.

Inflation forecasts of private - sector economists for the year to June 2001 continue to edge upwards (Table 15).

In contrast, union officials revised their inflation forecasts down slightly, though they remain higher than those of financial market economists at longer horizons.

The inflation forecasts of financial market economists, as surveyed by the Bank, increased following the release of the September quarter CPI (Table 12).

Trade union officials, as surveyed by the Australian Centre for Industrial Relations Research and Training (ACIRRT), have raised their inflation forecasts for the year to June 2001.

However, Asian markets do not appear to be out of the woods just yet: Export - dependent Taiwan reported a 1 % year - on - year GDP decrease in the third quarter, and the BOJ made a late - October announcement of reduced growth and inflation forecasts for Japan.

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.

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

The ECB explained this downgrade to its inflation forecast by citing global growth uncertainties, the general tightening of financial conditions and falling oil prices.

This partially reflects the view held by some respondents of a pick - up in underlying inflation, but it also reflects an increase in the number of respondents who have incorporated an estimate of the first - year effect of the GST into their inflation forecasts.

These conditions increase the likelihood of wage pressures building beyond what is factored into the inflation forecast.

The ECB forecast for eurozone growth was lowered to 0.9 % for 2014, compared with a previous forecast back in June of 1 %, but its inflation forecast for 2016 is still sitting at 1.4 %.

«Count on to see downgrades to the bank's inflation forecasts, and a promise to do much more if essential,» stated CMC Markets analyst Michael Hewson.

But the data suggest that the market normally prices yields slightly above the economy's nominal growth rate, partially as insurance against getting the inflation forecast wrong.

The inflation forecast for next year also went up modestl...

«What seems remarkable is that most high - income countries would welcome the Fed's baseline GDP and inflation forecasts for their own economies, but for the Fed it is not good enough,» Chandler says.

Its 2019 inflation forecast is currently at 1.5 %, 1 which was actually revised downward from its prior forecast in the last governing council meeting.

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).

Underpinning these inflation forecasts is an expectation of a continuation of wages growth around current rates.

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.

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.

The ECB's meeting in March produced few surprises, though the central bank did increase its inflation forecast for the current year from 1.3 % to 1.7 %.

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).

While there are risks in both directions around the inflation forecast, the short - term risks appear weighted to the downside, while longer - term risks are more prominent on the upside.

Results from the Bank's latest quarterly survey of financial market economists show that the median inflation forecast is 2.1 per cent over the year to June 2004, before picking up to 2.4 per cent over the year to June 2005; forecasts for both periods are lower than they were in November 2003 by 0.1 percentage points (Table 16).

The Central Bank on April 30 lifted its end - 2018 inflation forecast to 8.4 percent, when it announced its quarterly inflation report.

Inflation forecasts will be revised down, if anything automatically, as the result of lower oil prices -LRB--37 % between the mid-November and mid-February cut - off dates) and a stronger trade - weighted currency (+5.1 % for the EUR EER - 38, although the index has eased by 3.5 % from its peak).

However, at its meeting in July, the Bank of Japan (BoJ) highlighted how far the country's economy still has to go to overcome deflationary pressures, as the central bank further reduced its inflation forecasts for the period up to early 2019.

From what I have said about the Bank's approach, it should be clear that any differences between our judgments and the markets» judgments can occur not only because our inflation forecasts might differ, but also because our basic objectives are much broader than the markets», and our horizons are much longer.

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.

The ECB may revise up its inflation forecasts but looks unlikely to deviate from its policy stance, especially after hard - fought internal battles to adopt an asset - purchase program that is just starting to prove effective.