The Reserve Bank of Australia (RBA) Governor Glenn Stevens said on Tuesday that the central bank would not change its inflation target. He noted that he was confident inflation would rise but it would take more time.
"I think it will work out in time and it will take some time," he said.
Philadelphia Fed President Patrick Harker said in a speech on Monday that he expected the Fed could raise its interest rate two to three times this year.
"As I said, there will likely be two or perhaps even three rate hikes over the course of the year," he said.
Philadelphia Fed president pointed out that the Fed's interest rate decision will depend on the incoming economic data.
Harker is not a voting member of the Federal Open Market Committee (FOMC) this year.
San Francisco Fed President John Williams said on Monday that the Fed could raise its interest rate in June or in July. He added that the referendum on Britain's membership in the European Union (EU) would be taken into account in June.
San Francisco Fed president expects two or three interest rate hikes this year.
Williams is not a voting member of the Federal Open Market Committee (FOMC) this year.
St. Louis Federal Reserve President James Bullard said on Monday that low interest rates for a longer period could lead to financial instability in future.
"I do worry that keeping rates too low for too long could feed into future financial instability even if it doesn't look like we're in that situation today," he said.
St. Louis Federal Reserve president noted that interest rate hikes would depend on the economic data.
He pointed out that the referendum on Britain's membership in the European Union (EU) would not weigh on the Fed's interest rate decision in June.
Bullard is a voting member of the Federal Open Market Committee (FOMC) this year.
The European Central Bank (ECB) purchased €16.19 billion of government and agency bonds under its quantitative-easing program last week.
The ECB bought €907 million of covered bonds, and €142 million of asset-backed securities.
The ECB cut its interest rate to 0.00% from 0.05% and deposit rate to -0.4% from -0.3% at its March monetary policy meeting. The ECB also expanded its monthly purchases to €80 billion from €60 billion, to take effect in April. Purchases will include non-bank corporate debt.
The European Central Bank (ECB) chief economist Peter Praet said in an interview with the Portuguese newspaper Publico on Monday that the central bank could cut its interest rates further but it would depend on conditions.
"Interest rates are still in the tool box. The question is of course the conditions under which we would decide to use that instrument, because it is clear that the negative rates at some point have also side effects that start to become more important, namely on the profitability of banks," he said.
Praet noted that the ECB was independent.
"I don't think the Governing Council changes in any way its capacity to decide because of political debates. We do what we have to do as good central bankers," the ECB chief economist said.
The Bank of England's (BoE) Monetary Policy Committee member Kristin Forbes said in an interview with the Belfast Telegraph on Friday that uncertainty around the referendum on Britain's membership in the European Union (EU) was weighing on businesses and on investment.
"We don't have concrete evidence that some of the softening we are seeing now is all referendum-related and uncertainty related, and there is a chance other things are going on," she added.
The European Central Bank (ECB) Governing Council member Jozef Makuch said on Friday that there was no need in further stimulus measures at the moment. The recent stimulus measures needed more time to take effect, he added.
Makuch noted that he was confident the stimulus measures would work.
The European Central Bank (ECB) Governing Council member Ardo Hansson said on Friday that there was no need in further stimulus measures at the moment.
"Right now we just wait and see," he said.
Hansson hinted that the governments would delay the implementation of reforms.
The European Central Bank (ECB) Executive Board member Benoit Coeure said in an interview with the Japanese newspaper The Yomiuri Shimbun on Friday that the central bank had no plans to cut its deposit rate further.
"It is in principle possible to cut this rate further, but there is currently no plan to do so," he said.
Coeure noted that the lending to banks was more important than the negative interest rate.
He also said that the ECB's stimulus measures were working.
The European Central Bank (ECB) Governing Council member Erkki Liikanen said on Friday that inflation in the Eurozone should be above 2% target for a while.
"You can never have average inflation close to 2 percent if you are never above 2; it's arithmetic," he said.
"We must be consistent in both ways," Liikanen added.
The European Central Bank (ECB) released its current account on Friday. Eurozone's current account surplus climbed to a seasonally adjusted €27.3 billion in March from €19.2 billion in February. February's figure was revised up from a surplus of €19.0 billion.
The surplus on goods rose to €31.0 billion in March from €24.2 billion in February.
The surplus on services remained unchanged at €6.9 billion in March.
The primary income surplus increased to €2.3 billion in March from €1.9 billion in February, while the secondary income deficit was down to €12.9 billion from €13.9 billion.
Eurozone's unadjusted current account surplus climbed to €32.3 billion in March from €11.2 billion in February. February's figure was revised up from a surplus of €11.1 billion.
Bank of England (BoE) Monetary Policy Committee (MPC) member Gertjan Vlieghe said in a speech on Thursday that more stimulus measures could be needed if the U.K. economy does not recover after the referendum on Britain's membership in the European Union (EU). He added that higher inflation target or helicopter money were not options.
Vlieghe pointed out that the economic growth in the U.K. slowed since 2014.
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