Inflation-Targeting in Sub-Saharan AfricaWhy Now? Why at All?

Resumo

In May 2007, Ghana formally adopted an inflation targeting framework for its monetary policy. This meant that price stability had become the central bank’s primary objective. Ghana is only the second country in sub-Saharan Africa, after South Africa, to adopt such a regime. Ghana’s inflation target is five per cent while South Africa’s is a 3-6 per cent band. Such low rates are common among countries in the region, even those without explicit targeting regimes. (...)

Ficha do documento

Tipo

Estudo

Ano

2008

Instituição

Instituto de Pesquisa Econômica Aplicada

Fonte

Repositório do Ipea

Idioma

Inglês

Acesso

Acesso aberto

Identificador

oai:repositorio.ipea.gov.br:11058/15425

Licença

Licença total exclusiva

Palavras-chave

Sub-Saharan AfricaInflation