Inflation Targeting Farce: High Costs, Moot Benefits
20 September 2022, 08:15 
SYDNEY and KUALA LUMPUR, Sep 20 (IPS) - Policymakers have become obsessed with achieving low inflation. Many central banks adopt inflation targeting (IT) monetary policy (MP) frameworks in various ways. Some have mandates to keep inflation at 2% over the medium term. Many believe this ensures sustained long-term prosperity.
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