Poll: Should inflation targets be scrapped?


When, upon winning the Bank of England (BoE) governorship in 2012, Mark Carney mooted that central banks should consider scrapping their inflation targets – a cornerstone of monetary policy for the past quarter century – he caused a minor stir.

With policy rates near zero, additional stimulus may require changes to the "policy framework itself", the then governor of the Bank of Canada warned, adding a nominal GDP target could be "more powerful" in "exceptional circumstances".

Carney later backtr

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: