EMs can adopt higher inflation targets – BoE Bulletin
Authors say more elevated goals reflect economies’ faster growth and susceptibility to supply shocks
Central banks in emerging markets can set higher inflation targets than those in advanced economies, an article in the latest Bank of England bulletin argues.
In a piece published on September 29, Paul Fisher and Glenn Hoggarth discuss how policy-makers in African countries can adopt credible and effective inflation targeting regimes.
They argue that when setting an inflation target, central banks in developing countries can pursue a higher figure than the 2% seen in most advanced economies. This
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