Focus on Inflation to Make Central Banks’ Job Easier, Rajan Says

Global central banks would do a better job of checking inflation by focusing on their core mandate, rather than trying to achieve multiple goals through monetary policy, according to former Indian central bank Governor Raghuram Rajan.

“They know how to bring down inflation once it exceeds a certain point,” Rajan said in an interview with Bloomberg Television’s Kathleen Hays. “If you told them that is your job and focus on that and leave all this other stuff aside, it would make their job a lot easier.”