The Committee remains focussed on setting Bank Rate in order to meet the 2% inflation target.
There are those who would like to see the inflation target raised or loosened somewhat.
Many economists say that the Bank of Japan should set an inflation target of, say, 1-2%.
Finally, the Fed could set an inflation target over its formal 1.5% to 2.0% range.
Instead of aiming for an exchange rate, their central banks have an inflation target.
The official inflation target is, in fact, for gentle inflation every year of (hopefully) just 2%.
The other bone of contention is the ECB's attachment to an asymmetrical inflation target.
The Bank of England has had a formal inflation target since the early 1990s.
And Mr Fraga will have to implement a credible monetary policy based on an inflation target.
So, the BoJ has set a 2% inflation target but forecasts 0.9% inflation by 2015.
He has called on the BoJ to tackle deflation by raising its inflation target.
Under pressure from Mr Abe, Japan's central bank doubled its inflation target to 2% earlier this year.
The federal reserve should shoot for a higher inflation target, and pump money into the starving economy.
Under pressure from the government, the Japanese central bank doubled its inflation target to 2% last month.
One way to affect expectations about inflation would be to set a formal inflation target, perhaps 0-2%.
Some analysts say they expect the bank to expand its asset-purchasing program and set an inflation target.
The Bank of Japan has also raised its inflation target to 2% in a further attempt to boost domestic consumption.
It added that it would be much more aggressive in pursuing a 2% inflation target to boost growth.
Some economists now argue for an inflation target of more than 2 percent to stimulate nominal income growth.
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After mounting pressure from the new government, the central bank raised its inflation target to 2% last month.
The immediate implementation of a reasonable inflation target--something Tokyo has resisted--would weaken the Japanese currency and government bonds.
Thus they might set broad targets for credit growth alongside an inflation target.
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At the same time the independent Federal Reserve has its own inflation target, rumored to be 1.5% to 2%.
That includes setting an inflation target of 2% - double that of the Bank of Japan's (BOJ) current target.
Today, we have inflation-tied bonds and what amounts to a Fed inflation target.
The Swedes' transparent, symmetrical inflation target compares favourably with the ECB's more opaque mix of money and price targets.
But most independent economists have argued for an inflation target, as used by the Bank of England, among others.
EU. Mr Czarnecki's party has complained publicly about the tight budget and low inflation target planned for next year.
Mr Abe has called upon the bank to raise its inflation target to 2% - double its current target.
Mr Serra insists he supports the government's austere fiscal policy, and says he wants an inflation target of just 2.5%.
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