Sentences with phrase «flexible inflation target»

For all those complexities, though, I still believe that we will cope best with these shocks by sticking with a flexible inflation target, a floating currency and pro-flexibility supply - side policies in labour and product markets.

The flexible inflation target served as a useful framework to think about the Asian crisis.

The speech makes clear that the Bank's monetary policy frameworks centres around a flexible inflation target that aims to deliver an average rate of inflation of between 2 - 3 per cent over time and in a way that best serves the public interest.

The Globe and Mail recently speculated that the mandate will remain largely the same, but that it may be amended «to include a forceful assertion of what he [Carney] calls «flexible inflation targeting,»» or his right to respond to economic shocks or dangerous buildups of credit by taking longer than usual to bring inflation to the central bank's 2 % target.»

We have always practised flexible inflation targeting in this country.

This move was what the flexible inflation targeting framework suggests should happen.

Temporary departures from the target inflation rate of this nature are acceptable, as Australia's flexible inflation targeting policy is specifically designed to cater for volatility in the CPI.

The Bank has always interpreted the «flexible» part of «flexible inflation targeting» to mean «we don't always try to get back to 2 % instantly».

But it also needs to be mindful of a rise in inflation, particularly since India is now a flexible inflation targeting economy.

Not exact matches

To achieve price stability, the Reserve Bank uses a flexible medium - term inflation target, with the goal of keeping inflation between 2 and 3 per cent, on average, over time.

In 1993, the Australian framework was at the flexible end of the spectrum of inflation - targeting practice, and was criticised for being too lax.

Imagine a world in which all countries of significance had been following a medium - term, flexible target for CPI inflation, coupled with appropriate exchange rate settings.

King has the excuse that the Bank of England's mandate is only to strictly target a 2 % inflation rate, but his Bank could have lobbied for a more flexible mandate.

Even now, the current situation could be handled quite well by widespread use of a flexible inflation - targeting approach.

Australia's flexible inflation - targeting framework does not aim to fine - tune economic outcomes, but rather is designed to ensure that inflation remains on track over the medium term.

Flexible exchange rates are usually also a prerequisite for a successful prosecution of an inflation target.

The President highlighted some of the obstacles to realizing the roadmap for the implementation of a single currency in the sub-region to include, diverse and uncertain macro — economic fundamentals of many countries, unrealistic inflation targeting based on flexible exchange rate regime and inconsistency with the African Monetary Co-operation Programme.