The BoG policy seems to be a pursuit of exchange rate targeting as against inflation targeting or price stability

Dear Editor,
After noting that the Bank of Guyana injected more than US$80M into the foreign exchange market, and stating that there is no interbank market for foreign exchange, the VP went on – according to a recent report – to say “We believe the equilibrium; the rate that is struck now, is right for the economy.” 

The article The BoG policy seems to be a pursuit of exchange rate targeting as against inflation targeting or price stability appeared first on Stabroek News.