Issing on Inflation targeting: prospects, problems

In a panel discussion at the conference "Inflation targeting: prospects and problems" on 17 October Otmar Issing of the ECB said that the differences in the practices of central banks oriented to price stability are in fact relatively limited. "I believe that the common set of principles and values that we share, rather than the differences in operational details, is what we should emphasise. At the same time, I also find it crucial that we keep an open mind to learn from each other's

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