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In a paper delivered today at the Graduate School of Business of the University of Chicago, Paul Tucker – Executive Director, Markets and a member of the Monetary Policy Committee (MPC) – sets out some reflections on the operation of an inflation targeting regime after four years on the MPC.
Published on
25 May 2006
Two key threads about inflation targeting and the challenges facing policymakers run through his comments: the need to anchor medium-to-long term inflation expectations and the importance of straightforward communications about policy objectives and the conduct of policy.
Press release