Sentences with phrase «underlying inflation pressures»

At a news conference in Accra on Monday, the Governor of the BoG, Dr Abdul Nashiru Issahaku, said the underlying inflation pressures had eased considerably and inflation was projected to trend down towards the medium - term target.

Even wage growth (which operates with a lag) is starting to move higher while underlying inflation pressures remain persistent.

That suggests that underlying inflation pressures from such things as wage increases remain muted.

The officials led by bank president Mario Draghi decided that «prudence, patience and persistence with regard to monetary policy remained warranted for underlying inflation pressures to continue to build up.»

The ECB head said that «overall, while we can be more confident about the path of inflation, patience and persistence with regard to monetary policy is still warranted for underlying inflation pressures to build up and inflation to converge durably towards our objective.»

Of course, a significant weakening of the global economy would result in lower commodity prices and generally lower underlying inflation pressures.

Then, as underlying inflation pressures subsided, monetary policy was eased and interest - rate sensitive spending rebounded, often quite sharply.

«Underlying inflation pressures continue to remain subdued and have yet to show a convincing upward trend,» ECB President Mario Draghi said Thursday.

Not exact matches

U.S. consumer prices increased in January, with a gauge of underlying inflation posting its largest gain in 12 months, bolstering views that price pressures will accelerate this year.

The weak economic performance in the first half of this year means that Canada has more excess capacity, which is increasing the downward pressure on the underlying trend in inflation.

Slowing underlying wage growth means that there is more pressure for downward adjustments that are facilitated by inflation.

While growth is solid and inflation rising, we are not yet seeing the kind of upward pressure on wages that is needed to sustain gains in the underlying or core inflation rate.

The changes to the forecasts for inflation over the years to June 2000 and June 2001 (excluding the effect of the GST) appear to reflect current and prospective developments in oil and tobacco prices as well as a modest increase in the assessment of underlying inflationary pressures.

It is possible, against a background of increasing inflation and a strengthening labour market, that the survey is signalling some pick - up in underlying wage pressures, but at this stage the extent of any such pick - up is difficult to assess.

It is understandable, then, that pressure on underlying inflation, particularly from domestic sources, has also been somewhat greater.

U.S. producer prices unexpectedly rose in November as the cost of services increased, but the underlying trend continued to point to weak inflation pressures.

CPI inflation was 2.4 per cent over the year to the March quarter, with this rate also a good gauge of the Bank's assessment of underlying inflationary pressure.

Underlying price pressure in Japan continues to be very low and the Bank of Japan's inflation target is at present not within reach.

Inflation dynamics in Canada have been broadly in line with the Bank's expectations and the underlying pressures affecting prices remain largely unchanged.