Exact(3)
The width of the band can be exploited, allowing scope for interest rates to be used to curb inflation but not the unlimited scope that central banks have at present.
"There is scope for interest rates to remain low, and, if necessary, for further asset purchases, to prevent inflation falling below the 2 percent target," Mervyn A. King, the governor of the Bank of England, said in a speech Tuesday evening.
"Concerns about capital inflows and the health of the export sector will limit the scope for interest rate tightening, but we do expect to see a moderation in new bank loans and the use of reserve requirements to manage the volume of money supply".
Similar(57)
On this basis, the ECB's scope for interest-rate cuts is more limited than its critics claim.
In other words, contrary to Mr López Obrador's claims, Mexicans would benefit from free trade in maize.With other food prices rising too, the annual rate of inflation has edged up to over 4%, constraining the scope for interest-rate cuts.
The ECB now has considerable scope for reducing interest rates.
But with the shares taking a hit after the warning he added: We believe that there may be scope for outside interest in the group to increase.
Amid growing pessimism about the risk of recession from the US spreading to the rest of the world, the meeting will look at the scope for lower interest rates to be accompanied by tax cuts.
When he moved from Cambridge to a chair at the LSE, she considered but rejected a post there in favour of one in the engineering department at Imperial College London, with more scope for her interest in the influence of technology on work organisation.
What's more, if the economy were to head downhill fast, the Fed, despite its public worries about inflation, has plenty of scope for cutting interest rates.All told, the credit wobbles so far are likely to have only modest economic consequences.
Inflation slowed to 2.5% in Canada, which could offer scope for further interest-rate cuts to combat the slowdown.
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