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Inflation specter, Canada’s Trump woes, Draghi’s legacy: eco day

Inflation specter, Canada’s Trump woes, Draghi’s legacy: eco day
Business
Welcome to Friday Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started and send you into the weekend.

For four decades the specter of high inflation haunted the Federal Reserve. Now it has an equally ominous flip side.

Thanks to Mario Draghi, the next European Central Bank chief might avoid the kind of monetary policy U-turn he once had to tackle.  (Thomas Lohnes / GETTY IMAGES)

At the Bank of Canada, Gov. Stephen Poloz may not have Donald Trump breathing down his neck, but he still can’t get away from the U.S. president.

Thanks to Mario Draghi, the next European Central Bank chief might avoid the kind of monetary policy U-turn he once had to tackle.

On the final day of the annual National People’s Congress session in Beijing, Chinese Premier Li Keqiang outlined how he’s planning to deliver a record tax cut in support of the nation’s slowing economy.

Meanwhile, Bank of Japan Governor Haruhiko Kuroda says he’s still seeking to deliver 2 per cent inflation after the government voiced support for a more flexible approach to the goal, which hasn’t been hit in a decade.

It’s a different picture in Argentina, where central bankers are committing to tighter monetary policy amid inflation spikes.

A pre-election government spending spree in Australia could give their central bankers some room to avoid adjusting interest rates.
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