Inflation target: Difference between revisions
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imported>Doug Williamson (Create page. Sources: linked pages, Bank of England webpage https://www.bankofengland.co.uk/monetary-policy/inflation) |
imported>Doug Williamson m (Edit links.) |
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* [[Inflation]] | * [[Inflation]] | ||
* [[Monetary policy]] | * [[Monetary policy]] | ||
* [[Monetary Policy Committee]] | |||
* [[Monetary Policy Report]] | * [[Monetary Policy Report]] | ||
* [[Official Bank Rate]] | * [[Official Bank Rate]] | ||
Revision as of 15:34, 9 June 2020
1. UK - Bank of England.
- "To keep inflation low and stable, the Government sets us an inflation target of 2%. This helps everyone plan for the future.
- If inflation is too high or it moves around a lot, it’s hard for businesses to set the right prices and for people to plan their spending.
- But if inflation is too low, or negative, then some people may put off spending because they expect prices to fall. Although lower prices sounds like a good thing, if everybody reduced their spending then companies could fail and people might lose their jobs.
- If we miss the inflation target by more than 1 percentage point either side of the target, we must tell the Government why."
- Bank of England, June 2020
2.
Similar goals and measures in other jurisdictions.
