Meaning of “price-level targeting” in the English Dictionary

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"price-level targeting" in Business English

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price-level targetingnoun [ U ]

uk us ECONOMICS

a type of monetary policy (= government actions to control the amount of money in an economy) which aims to keep the price level at a particular level, measured according to the CPI:

In theory price-level targeting is superior to inflation-targeting because it provides more certainty about the long-term purchasing power of money.
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(Definition of “price-level targeting” from the Cambridge Business English Dictionary © Cambridge University Press)