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
Published : April 01, 2021 11:24 PM IST