Mr Grenville discusses financial crises and globalisation from an Australian perspective A paper presented by Mr Stephen Grenville, Deputy Governor of the Reserve Bank of Australia, to the Reinventing Bretton Woods Committee Conference on “International Capital Mobility and Domestic Economic Stability” in Canberra on 15 July 1999.
Analysis by the European Central Bank suggests that around three-quarters of the surprise in inflation in the euro area reflects unexpected developments in the markets for oil, gas and electricity. [1] In the United Kingdom, the Bank of England estimates that higher energy prices will directly boost CPI inflation by 6½ percentage points this year.