Lower Inflation Targets: A Price Stability Win, But a Growth Trap for Developing Economies
Why Chasing Ultra-Low Inflation Could Stifle Economic Progress Where It’s Needed Most When central banks announce a lower inflation target, it often makes headlines as a bold move toward economic discipline. After all, inflation is widely seen as the enemy of stability—eroding purchasing power, distorting markets, and undermining confidence. But while a lower target may […]