Among 4 trends in central banking looked at by Kate Mackenzie is a move towards nominal GDP...

|By:, SA News Editor

Among 4 trends in central banking looked at by Kate Mackenzie is a move towards nominal GDP targeting (and away from inflation targeting). The RBI took the baton last night, focusing on slowing GDP and cutting rates even as inflation remains high. The Fed and the BOE have shown their inclination towards this line of thinking as well.