To achieve its goal of monetary stability, the Bank of England sets a target

Name: To achieve its goal of monetary stability, the Bank of England sets a target
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Question

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The Bank of England, like many central banks, targets an inflation rate to achieve monetary stability, aiming to keep inflation low and stable. The specific target is often around 2% per year, which is considered conducive to fostering economic growth and stability without leading to excessive inflation or deflation.

To Achieve Its Goal of Monetary Stability, the Bank of England