The Bank of England's Centre for Central Banking Studies has published a new handbook showing the key features of the inflation-targeting frameworks in each of the 26 inflation - targeting central banks around the world.

The research looks at the following features:

· legal and institutional arrangements;

· the design of the inflation target;

· the decision-making body and process of decision-making;

· the models and forecasts used by central banks;

· the accountability mechanisms in place