Shifting the inflation target

Shifting the inflation target
There is very little evidence that the economic impact of a 4% inflation rate is more harmful than that of a 2% rate. Indeed, the latter target is slightly down to happenstance; the Bank of England had a 2.5% target at one stage, albeit on a different …
Read more on The Economist (blog)

BoJ's Shirakawa Vows To Pursue Monetary Easing Until Inflation Goal Is In Sight
Bank of Japan Governor Masaaki Shirakawa on Monday stressed that the bank will continue monetary easing until its inflation target of 1 percent is in sight. At the same time, the bank will also ascertain that if there is any significant risk to the …
Read more on RTT News

Canada October Inflation Stays Near Bottom of Target Band
Canada's inflation rate remained near the bottom of the central bank's target band for a third month in October as slower gains in energy prices blunted increases in property taxes and restaurant meals. The consumer price index rose 1.2 percent in …
Read more on Businessweek

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