Domestic price pressure, measured by core inflation (excluding energy and unprocessed food), stands at 1.2 % in the euro area today. By contrast, when the Fed ceased its net asset purchases, US core inflation was 1.8 %. What is behind the sluggish price developments? Multiple factors seem to be at play here.
Tiff Macklem: $ and $ bank note issue Remarks by Mr Tiff Macklem, Senior Deputy Governor of the Bank of Canada, presented to the Vancouver Train Station, Vancouver, British Columbia, 7 November 2013. *  *  *  Good morning friends and colleagues and welcome to this event to launch the new $ and $ polymer notes.