Inflation target
From ACT Wiki
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.
