Friday, May 30, 2014

In space they can’t hear you scream.

Also in today’s WSJ, Sayuri Shira, board member of Japan Central Bank, worries that inflation will not be high enough next year.  (The target is 2% by spring 2015.)  Meanwhile, the Brazil central bank kept rates at 11% even though inflation is higher than it would like. In Turkey, the central bank cut interest rates 0.5% to 11.5% despite the fact that inflation is likely to exceed the bank’s 5% target by a wide margin, but Prime Minister Erdogan is not pleased.  He called the cut "a joke" and wants more aggressive cuts to stimulate investment.

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