This paper examines the effectiveness of inflation targeting (IT) frameworks during the global inflation surge of 2022, a shock primarily driven by large adverse supply side disruptions following the ...

LONDON, Oct 17 (Reuters Breakingviews) - “Inflation is always and everywhere a monetary phenomenon.” Milton Friedman’s famous dogma looks increasingly quaint today. In the face of unprecedented public ...

South Africa’s new lower inflation target is giving the rand fresh momentum, with policymakers and analysts agreeing it could curb a long-term track record of weakness. Africa’s largest economy last ...

Finance Minister Enoch Godongwana has officially reduced South Africa's inflation target to 3% with a tolerance band of 1 percentage points on either side over the next two years in a bid to ease the ...

The Federal Reserve's policy framework is in flux, with credibility eroding after 4.5 years of missing its 2% inflation target. Current rate-cutting bias persists despite persistent inflation ...

The Federal Reserve’s policymakers ought to ask why, with inflation stuck at 3%, investors have so confidently priced in at least two further interest-rate cuts starting today. The case for these cuts ...

Euro-area inflation eased to the European Central Bank’s target, supporting the view of policymakers that interest rates can stay at current levels unless the economic outlook changes significantly.

With inflation at 2% and modest softening in price growth expected in the months ahead, the European Central Bank can afford to wait for more direction on the economy before deciding its next move.

WASHINGTON, DC - NOVEMBER 08: Fed Chairman Jerome Powell prepares to deliver remarks to the The Federal Reserve's Division of Research and Statistics Centennial Conference on November 08, 2023 in ...