Venezuela seeks shift to inflation targeting in medium term
Minister says dollarisation not ‘right answer’ and debt sustainability analysis to be published soon
The Central Bank of Venezuela is looking to adopt an inflation-targeting framework in the medium term, the country’s vice-president for the economy has said.
Speaking at the International Monetary Fund’s annual meetings in Bangkok on October 14, Calixto Ortega – who was president of the central bank from 2018 to 2025 – said the transition was part of the country’s plans but that the economic environment remained difficult. “We think next year [we] may have some space for reforms, but we hope to
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