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English definition of “price-level targeting”

price-level targeting

noun [U]
 
 
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. →  Compare CPI
(Definition of price-level targeting from the Cambridge Business English Dictionary © Cambridge University Press)
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