Category: Inflation
Inflation Targeting
Inflating targeting is an economic policy adopted by central bank of any nation. The central bank approximates and make public a policy target agreement by setting out specific inflation target.
Inflation targeting is the statutory responsibility of the Central bank to devise and enforce monetary policy for achieving and maintaining economic stability in the general level of prices.
Inflation Targeting in Chile
Inflation Targeting in Chile had been welcomed in the year 1990 for lowering their inflation rate so as to join the world trend. In fact Chile was the first Latin American country, and second in the world, who accepted inflation targeting.
