Monetary Policy Frameworks in East African Economies: Inflation Targeting and Alternatives: Challenges and Opportunities in the 2020s

Key Points

• This article aims to analyze the effectiveness of monetary policy frameworks in East African economies, with a focus on inflation targeting and alternatives.
• Conducted a policy analysis on monetary policy frameworks in East Africa.
• Organized the examination around verified scholarly sources.
• Identified key institutional and theoretical dynamics relevant to the African context.
• Outlined major challenges faced by inflation targeting in East Africa.
• Presented alternatives to inflation targeting and their potential benefits.
• Concluded with practical recommendations for policymakers.

Abstract