A large number of industrial and a growing number of developing countries now have
domestic inflation targets administered by independent and transparent central banks.
Not exact matches
Sweden's Riksbank kept its benchmark rate unchanged Wednesday but added that a stronger
domestic economy and rising political uncertainty abroad were a threat to its
inflation target.
I suspect, for reasons I will write about in the next few days, that moving away from
inflation targeting to something like nominal gross
domestic product - level
targeting would be a better idea.
The Fed looks set to tighten monetary policy further, as
inflation and unemployment move closer to its
targets — underlining the strength of the
domestic economy — and surging equity markets have added to already elevated consumer confidence.
The US Federal Reserve (Fed) looks likely to tighten monetary policy further, as
inflation and unemployment move closer to its
targets — underlining the strength of the
domestic economy — but, while awaiting more substance on policy initiatives, we remain cautious about predictions of an end to the pattern of modest US growth seen in recent years.
The global economic environment is supportive, and monetary policy looks set to add further to
domestic activity, with the ECB seemingly awaiting signs that
inflation is beginning to move closer to its
target of around 2 % before moving to a less accommodative stance.
The current situation, in summary, suggests an outlook that is consistent with the medium - term
inflation target but subject to two broad sources of risk — the potential for further weakness arising from external factors, and the destabilising influence of a growing imbalance in the
domestic credit market.