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In order to achieve price stability in New Zealand, the monetary policy Inflation Targeting was adopted in 1990. With the growth and success of this new strategy, Canada, the United Kingdom, Sweden, Spain and many other counties followed suit in the subsequent years ahead.
Inflation targeting is an economic policy in which a monetary authority such as the European Central Bank publicly announces what they are going to do in regards hiring or lowering the inflation rate...
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In order to achieve price stability in New Zealand, the monetary policy Inflation Targeting was adopted in 1990. With the growth and success of this new strategy, Canada, the United Kingdom, Sweden, Spain and many other counties followed suit in the subsequent years ahead.
Inflation targeting is an economic policy in which a monetary authority such as the European Central Bank publicly announces what they are going to do in regards hiring or lowering the inflation rate...
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