Time Isn’t Right to Raise Inflation Targets From 2%, IMF Says
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Central banks should, for now, stick to their goal of slowing inflation to 2%, according to International Monetary Fund Financial Counselor Tobias Adrian.
“We have too-high inflation, so changing the inflation target when you are further away from the target, that would undermine credibility,” Adrian told Bloomberg Television on Thursday. “This is not the right time to change the inflation target to a higher level.”