Central Bank is in the process of work- the level of interest rates or the cur-
IN THE NEWS ing out the details of an "inflation target- rency,
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ing" regime for managing interest rates ter & Co. economist Ernest W. Brown.
Inflation Targeting
and the economy. Inflation targeting-- The downside of setting explicit targets
a system used by other countries with is that a hard-to-predict economy without
free-floating currencies such as Britain,
true religion jeans online, price controls like Brazil's is apt to miss
Canada,
p90x workout schedule, and New Zealand--is fairly sim- its inflation targets from time to time,
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