Inflation targeting is a common goal of monetary policy, but other goals may include maximizing GDP growth, optimal employment, and financial stability. See Wikipedia entry on inflation targeting for a primer.
Central Bank News Inflation Targets Table
Country
|
Central
Bank
|
Inflation
Target
|
Albania
|
Bank of
Albania
|
3.0%
|
Armenia
|
Central
Bank of Armenia
|
5.5%
|
Australia
|
Reserve
Bank of Australia
|
1-3%
|
Botswana
|
Bank of
Botswana
|
3%-6%
|
Brazil
|
Banco
Central fo Brasil
|
4.5% +/-2%
|
Canada
|
Bank of
Canada
|
1-3%
|
Chile
|
Central
Bank of Chile
|
3% +/-1%
|
China
|
People's
Bank of China
|
4.0%
|
Colombia
|
Banco
de la Republica de Colombia
|
2-4%
|
Czech
Republic
|
Czech
National Bank
|
2.0%
|
Euro area
|
European
Central Bank
|
<2%
|
Georgia
|
National
Bank of Georgia
|
6.0%
|
Hungary
|
Magyar
Nemzeti Bank
|
3.0%
|
Iceland
|
Central
Bank of Iceland
|
2.50%
|
Indonesia
|
Bank
Indonesia
|
4.5% +/-1%
|
Israel
|
Bank of
Israel
|
1-3%
|
Jamaica
|
Bank of
Jamaica
|
6-8%
|
Japan
|
Bank of
Japan
|
2.0%
|
Mexico
|
Banco
de Mexico
|
3% +/-1%
|
New
Zealand
|
Reserve
Bank of New Zealand
|
1-3%
|
Nigeria
|
Central
Bank of Nigeria
|
10.0%
|
Norway
|
Norges
Bank
|
2.5%
|
Peru
|
Banco
Central de Reserva del Peru
|
1-3%
|
Philippines
|
Bangko
Sentral ng Pilipinas
|
4% +/-1%
|
Poland
|
National
Bank of Poland
|
2.5% +/-1%
|
Romania
|
National
Bank of Romania
|
2.5% +/-1%
|
Russia
|
Bank
Rossii
|
5% (2014)
|
Serbia
|
National
Bank of Serbia
|
4.5% +/- 1.5%
|
South
Africa
|
South
African Reserve Bank
|
3-6%
|
South
Korea
|
Bank of
Korea
|
2-4%
|
Sweden
|
Riksbank
|
2.0%
|
Switzerland
|
Swiss
National Bank
|
0-2%
|
Thailand
|
Bank of
Thailand
|
3.0%
|
Turkey
|
Central
Bank of the Republic of Turkey
|
5.0%
|
Uganda
|
Bank of
Uganda
|
7.0%
|
United
Kingdom
|
Bank of
England
|
2.0%
|
Uruguay
|
Banco
Central del Uruguay
|
4-6%
|
USA
|
Federal Reserve
|
2%
|
CentralBankNews.info makes every effort to ensure accuracy of the information in the above table at the time of publication, however as policy, rates and mechanisms change over time we cannot guarantee the accuracy of the information above. If you have any corrections to make please contact us. You may replicate the table above in full but under the strict condition that you cite CentralBankNews.info as the source, and if online, provide a link back to www.centralbanknews.info
Last Updated: 25 September 2011
