IMF's Rato on building better institutions

In the speech 'Building better institutions' given on 3 November Rodrigo de Rato of the IMF said central banks in emerging markets that used inflation targeting not only reduced inflation but experienced less volatility.

"These benefits come with no adverse effects on growth," Rato said in a speech on monetary institutions and economic development.

"In addition, not only is inflation less volatile under inflation targeting, but so are interest rates, exchange rates and international reserves."


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