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<p>A comprehensive Review of the Monetary Policy Framework was published in 2013.
The current remit for the Monetary Policy Committee reflects the assessment set out
in the 2013 Review, which includes retaining a flexible inflation targeting framework,
with a 2 per cent symmetric inflation target. The remit also states that the MPC may
allow inflation to deviate from this target temporarily in order not to cause undesirable
volatility in output due to the short-term trade-offs involved.</p><p> </p>
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