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AcanthisittaFlaky385 t1_it6rw8z wrote

Iirc, Europe (UK and the EU) have been doing this since the 2008 finance crash. The bank of England had the target of <1% interest rates and ~3% inflation rate.

The EU were even more fucked up with negative interest. Most EU countries were operating a 0% intrest or less.

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Lurcher1989 t1_it7ew3f wrote

Target is 2% flat not ~3%. It's also not set on interest rates, they can go up and down as needed.

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AcanthisittaFlaky385 t1_it7ga2n wrote

Thank you for googling that information. Perhaps next time, listen to the view and expressions on Mark Carney and Andrew bailey.

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