That is why it is considered desirable, under normal circumstances, to ensure that the inflation rate be positive, to a certain extent. And third, targeting inflation at 2 percent is a global standard shared by major advanced economies.
Here too, the bill contradicts the agreement. 1/2  BIS central bankers' speeches  The final thing that brought me here today is to refer to the manner in which some of you addressed Bank of Israel employees during the course of the discussions.