Nathan Day on Nostr: "Central banks will first push out expectations on the timing of the journey to 2 per ...

"Central banks will first push out expectations on the timing of the journey to 2 per cent and then, well down the road, transition to an inflation target based on a range, say 2-3 per cent."

Target rate of inflation is *checks notes* subject to inflation.

🤡🌍
https://www.ft.com/content/2cbf2116-f18f-492e-8f3f-170bc8402d5f?utm_source=press.coop

quoting
nevent1q…ngxk

A turning point in central banking

Last week’s monetary policy moves mark a shift away from strict inflation targeting #press

https://www.ft.com/content/2cbf2116-f18f-492e-8f3f-170bc8402d5f?utm_source=press.coop