On the other hand, monetary targeting is not even an alternative for China because of the breakdown of the relationship between monetary aggregates and inflation.

同时，由于货币供应量与通货膨胀之间的相关性被破坏，货币供应量目标也不再适合我国；

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Due to insuperable defection as a intermediate target, monetary targeting have shown obvious weakness in its controllability, data availability and relativity with real economy.

我国现行货币供应量指标的可控性、可测性以及与国民经济的相关性均已出现了明显问题。

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Inflation targeting is the new gold standard, largely guiding even the conduct of the European Central Bank, which retains a "monetary pillar".

以通货膨胀为目标是一种新的黄金标准，这一标准甚至在很大程度上影响了货币主义的重要支持者——欧洲中央银行的行为。

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And the tendency for this kind of systematic error is exactly why we need an objective and predictable monetary policy like nominal GDP targeting.

FORBES: The Swing of the Monetary Pendulum

The Dow sunk one more time, all the way to 770 in 1982, when the Federal Reserve began targeting the price of gold in monetary policy and the big Reagan tax cuts started to phase in.

FORBES: The Dow Is Retracing the Stagflation Market

Labour's Chris Leslie warned that there might be circumstances under which the aims of the Financial Policy Committee, which primarily focuses on financial stability, clashed with those of the Monetary Policy Committee, which mainly deals with inflation-targeting, but is also obliged to take growth into account when making decisions.

BBC: MPs pass Financial Services Bill