Among those who adopt ranges, some also identify the midpoint of the range as the specific target. I prefer a point target. This provides a more precise anchor for inflation expectations and a more specific target for monetary policymakers.
The next step is the establishment of an integrated regional stock exchange where all member states are linked electronically for the trading in bonds and equities. A fully integrated regional stock exchange would allow firms to have access to a wider market for raising risk capital. In turn, this would allow the productive sectors to become more productive internationally.