Czech Magic: Implementing Inflation-Forecast Targeting at the CNB
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Summary:
This paper describes the CNB’s experience implementing an inflation-forecast targeting (IFT) regime, and the building of a system for providing the economic information that policymakers need to implement IFT. The CNB’s experience has been very successful in establishing confidence in monetary policy in the Czech Republic and should provide useful guidance for other central banks that are considering adopting an IFT regime.
Series:
Working Paper No. 2017/021
Subject:
Banking Central bank policy rate Exchange rates Financial services Foreign exchange Inflation Inflation targeting Monetary policy Prices Short term interest rates
English
Publication Date:
January 30, 2017
ISBN/ISSN:
9781475572971/1018-5941
Stock No:
WPIEA2017021
Pages:
56
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