Controlling inflation is what will send Brazil into the next stage in its business cycle.
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In practice it behaves much like central banks, for whom controlling inflation is the only mandate.
Under its mandate, the Fed must stabilize prices by controlling inflation and maximize employment.
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Central banks' credibility should be focused where it is most needed, on controlling inflation.
But it hoped the increase would send a message that it was serious about controlling inflation.
So it would be a bit previous to say that controlling inflation no longer matters.
But now central banks have shown they have another priority apart from controlling inflation: bailing out the banks.
While continuing to monitor the real-dollar relationship, Mantega has now turned his attention to controlling inflation in an overheating economy.
Therefore, said Hayek, central banks should remain firmly focused on controlling inflation.
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Controlling inflation is more important than keeping a supercharged euro in check.
At some point, Federal Reserve policy will have to change from trying to stimulate the economy to being more focused on controlling inflation.
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Macroeconomic policy, he argues, is not just about controlling inflation.
On the occasion of his first anniversary as Federal Reserve Chairman in February, Ben Bernanke was saluted by Wall Street and most of the business media for controlling inflation.
It raised its main interest rate to 4.25% on July 3rd to show that it was serious about controlling inflation, which is well above its target ceiling of 2%.
Mr. Sarkozy has pressed his case for a strengthened and enlarged role for the European Central Bank, arguing that its mandate should include stimulating growth and not just controlling inflation.
The most potent criticism is that aiming for exchange-rate stability compromises the central bank in its task of controlling inflation one instrument (monetary policy) is being asked to do two things.
But he might not like a further corollary: under a target-zone system, responsibility for exchange-rate management, as well as for controlling inflation, has to be given to the same policymaker.
If fiscal policy cannot be rehabilitated, adopting a target zone comes down to saying that stable currencies are worth the price of somewhat compromising the authorities' ability to use monetary policy in controlling inflation.
For the Chinese government, controlling inflation is crucial.
Just as important, he is likely to repeat his claim first made in his December interview on 60 Minutes that the Fed has the tools and the ability to keep its promise of controlling inflation should he conclude that inflation has, in fact, broken out.
Monsoon rain levels largely determine India's crop output and are considered among the most important factors in controlling food inflation.
By 2006, controlling for inflation, that share had dropped to 29 percent.
"The BOJ's commitment to adopt 'monetary base control' clearly is a strong message to the markets about enhancement of the monetary policy, in terms of both working on asset prices and controlling market inflation expectations, " Nishioka added.
And Germany conquered inflation by controlling money supply and declaring marks convertible into land.
The most that they could do was to provide a stable environment for growth, by controlling the rate of inflation.
The biggest was probably the granting of full independence to Australia's central bank in 1996, and the bank has discharged its inflation-controlling mission admirably and sometimes bravely.
Other countries whose trade is mostly within the euro area point to the inflation-controlling benefits of a strong currency, when it comes to buying imports and above all oil (which is priced in dollars).
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