Comment Comment by anuvrat1 If you want the reasoning, this IMF paper[1] goes into the detail. Generally gist is development rate (like GDP) is high in developing country, so is the inflation[1: Inflation Targeting as a Framework for Monetary Policy]: https://www.imf.org/external/pubs/ft/issues/issues15/ parent anuvrat1 4 years ago
[1: Inflation Targeting as a Framework for Monetary Policy]: https://www.imf.org/external/pubs/ft/issues/issues15/