Majority support an inflation target, poll finds
The readers of Centralbanking.com have come down firmly in favour of a simple inflation target as the best guide for monetary policy, despite moves from the Federal Reserve and elsewhere to widen the remit of central banks.
Of 154 respondents, 65% backed the use of an inflation target alone. The second most popular choice, with 18% of the vote, was a switch to a joint target of output and inflation.
In December, Bank of Canada governor Mark Carney – due to become governor of the Bank of England
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