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Exact(21)
The path of inflation expectations between now and then may shape its decision.
Central banks take account of both in forecasting the future path of inflation.
Instead, the future path of inflation depends largely on the size of the output gap.
Second, households' inflation expectations have been a poor guide to the future path of inflation in the past.
And it will also monitor a wide range of other indicators to assess the future path of inflation.
The banker, nicknamed "Super Mario" by traders, promised QE would continue "until we see a sustained adjustment in the path of inflation".
Similar(38)
Going back a century, the light line shows the path of inflation-adjusted pre-tax incomes for families in the bottom ninety-nine per cent.
Britain has not followed a path of high inflation, a high budget deficit and frequent devaluation outside the euro, and nor would it have been possible for Italy to do so.
And a higher path for inflation implies reduced odds of hitting the zero lower bound in future recessions and absorbing all the economic costs that entails.
If intervention reflects a change in the central bank's desired path for inflation, it has a good chance of working.
MORE important, an announced target path for inflation would add more certainty to the economy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com