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Explained: What is inflation targeting and how does it help an economy?

Updated : April 02, 2021 08:06 AM IST

Inflation targeting works as it prompts consumers to expect a rise in prices in the future
The policy allows the central bank to respond against changes in the domestic economy
The strategy is based on the belief that long-term economic growth is best achieved by maintaining price stability
Explained: What is inflation targeting and how does it help an economy?
Published : April 01, 2021 11:24 PM IST

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