The prospects for monetary stability

Quarterly Bulletin 1995 Q3
Published on 01 September 1995

The Governor welcomes the Government’s clear restatement of its objective of permanently low inflation as the essential contribution that monetary policy can make towards achieving steady and sustained growth of output and employment over the medium and long term. He looks at recent international and domestic developments which are part of current policy judgments, and concludes that there is a real opportunity to make a decisive break-through to permanent stability.

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