To control rising inflation, central banks need to orchestrate their monetary policy.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>There is an ongoing animated debate in Indian financial dailies on the desirability of inflation-targetting as the sole objective of monetary policy. The assumption that current monetary tools are adequate to successfully target inflation is however questionable as globalisation rapidly changes the manner in which inflation is transmitted. Inflation is fast becoming an 

P>To control rising inflation, central banks need to orchestrate their monetary policy.

Alok Sheel: What inflation-targeting?

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