Now would be a very good time to announce an inflation target.
But few in the government have said anything about just how the central bank is supposed to make an inflation target come true.
In 1996, the government gave the central bank independence to pursue an inflation target.
I have an inflation target, which is basically about two percent a year.
That you have an inflation target, but not for this year?
This year, the government has an inflation target of 3.5 percent, give or take two percentage points.
The Government has set an inflation target of below 20 percent for 1990.
But then it would have to abandon its inflation target.
The government's inflation target is announced each year by the chancellor in the budget.
He sets the inflation target which the Bank must set interest rates to meet.