The 2% Inflation Target Regime Should Now Be Retired
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The article argues that central bankers should abandon the 2% inflation target regime and adopt a more flexible approach. The author suggests that the failure of economic models and the presence of economic and geopolitical uncertainty require a monetary system that can adapt to changing circumstances. The article emphasizes the need for a flexible inflation range that reflects reality rather than a fixation on a constant 2% target.



https://www.bloomberg.com/opinion/articles/2024-04-17/central-bankers-should-retire-the-2-inflation-target