Sentences with phrase «to meet one's inflation target»

The Bank of England's Monetary Policy Committee had already set the bank rate as low as possible at 0.5 %, but decided that in order to meet the inflation target of 2 % further action was needed.

Opponents claimed that it would lead to a poorly co-ordinated economic policy and could potentially lead to conflict in fiscal and monetary policy aims, resulting in particular from an over-emphasis in setting rates to meet inflation targets at the expense of other factors such as the exchange rate.

But he insisted the economy was on course to meet its inflation target of two per cent, house prices were stabilising, employment was high and interest rates were also stable.

But the costs of tighter monetary policy may be lost output, higher unemployment and a failure to meet the inflation target.

They believe that without distance from government, the public would question their ability to keep their promises to meet their inflation targets.

In the policy statement, the central bank said it was comfortable that it was on track to meet its inflation target, «albeit in a context of heightened uncertainty.»

If it focuses on maintaining the growth necessary to meet its inflation target, there is the risk of further increases in leverage and asset prices setting the stage for trouble down the road.

The Bank of Canada's monetary policy accomplishes a simple, yet vital, task: it manages the level of demand over the business cycle in order to meet our inflation target.

In Europe and Japan, monetary authorities have concluded that zero interest rate policy (ZIRP) has been insufficient to meet their inflation targets.