BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Inflation targeting is the BSP’s framework for conducting monetary policy, which focuses on achieving price stability as the primary objective of monetary policy.

Detailed explanation-2: -Inflation targeting is focused mainly on achieving a low and stable inflation, supportive of the economy’s growth objective. This approach entails the announcement of an explicit inflation target that the BSP promises to achieve over a given time period.

Detailed explanation-3: -Inflation targeting is a central bank strategy of specifying an inflation rate as a goal and adjusting monetary policy to achieve that rate. Inflation targeting primarily focuses on maintaining price stability, but its proponents also believe that it supports economic growth and stability.