As of 2016, which country has an explicit inflation target of 3 percent?
A) the United States
B) the United Kingdom
C) Japan
D) the euro area
E) None of these answers is correct.

Question

Quizplus · Accepted Answer

As of 2016, none of the listed options had an explicit inflation target of 3 percent. The United States, through the Federal Reserve, targets a 2 percent inflation rate over the long run. The United Kingdom, via the Bank of England, also has a target of 2 percent. Japan, through the Bank of Japan, aimed for a 2 percent inflation target as part of its monetary policy framework. The European Central Bank, which manages monetary policy for the euro area, similarly targets inflation below, but close to, 2 percent over the medium term.

As of 2016, Which Country Has an Explicit Inflation Target