First country which had adopted Inflation targeting IT was ........

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First country which had adopted Inflation targeting (IT) was:

USA

New Zealand

Australia

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Explanation:

New Zealand

New Zealand was indeed the first country to adopt inflation targeting (IT) as a formal monetary policy framework. The Reserve Bank of New Zealand implemented inflation targeting in 1989 under the leadership of then-Governor Don Brash. This framework became influential globally and was subsequently adopted by many other central banks around the world, including the Bank of England, the Reserve Bank of Australia, and the Reserve Bank of India, among others.

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