Precisely by how many is debatable and will depend on the precise definition of inflation-targeting countries but I note that the merits of inflation targeting continue to be debated in the US. Inflation targeting in South Africa was formally introduced on 23 February 2000 with the announcement of a 3 to 6 per cent target for 2002.
Willem F Duisenberg: Why price stability? Welcome speech by Dr Willem F Duisenberg, President of the European Central Bank, at the first ECB Central Banking Conference, held in Frankfurt, 2-3 November 2000.