41. The inflation target is one of the main grey areas for the monetary authorities. 42. The inflation target is used to set ceilings on all wages and prices as well. 43. The fund should help Kim by loosening its unrealistic inflation targets. 44. The government can only override the inflation rate target if a new one is approved by Parliament. 45. Those who know Greenspan doubt the chairman will be willing to sacrifice policy flexibility at the altar of prescribed inflation targets. 46. Turning to inflation, George said the government has a better chance of meeting its inflation target than previously and urged caution in setting monetary policy. 47. Wage increases should be tied to future inflation targets, he added. 48. Venezuela has budgeted the increase, setting it to year-ahead inflation targets, said Finance Minister Luis Raul Matos Azocar. 49. Allowing the real to sink lower against the dollar would probably mean missing the government inflation target. 50. Assuming inflation can first be brought under control, a reinvented Bank Indonesia can improve its credibility by adopting realistic inflation targets. |