Inflation targeting improved-CNB Niedermayer

CZECH REPUBLIC - The effectiveness of the inflation targeting of the Czech National Bank CNB should be improved with the shift to targeting of overall inflation and setting a corridor for price movements up to 2005, CNB vice-governor Ludek Niedermayer told a press conference on Apr 10.

"This system is more transparent and more long-term and should thus have a better chance to influence the inflation expectations," Niedermayer said.

In 2002, the central bank will replace the targeting of net

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