Should Central Banks Give Up On Inflation Targeting?Rupert Hargreaves
“Has inflation has its day?” That’s the question asked in a research note from the Rates and Currencies Research team at Bank of America Merrill Lynch.
Central banks around the world are struggling to meet inflation targets despite their aggressive monetary easing. Policymakers are blaming inflation shocks for their mistakes, but for how much longer can central bankers continue to make such claims?
Almost all of the world . . .
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