Should the UK really ditch inflation target?

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The incoming Bank of England governor Mark Carney has sparked speculation he will push for the removal of the UK's CPI inflation target if the mediocre recovery in the UK takes another tumble, but is it a good plan?

The current Bank of Canada governor (pictured), who will replace Sir Mervyn King in June, this week alluded to controversial plans to scrap the inflation target, shifting the focus instead to kickstarting...

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