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t
Terminal rate
The maximum rate reached at the end of a phase of policy rate hikes by the central bank.
c
Competitiveness
Capacity of a country to win export market shares or meet its domestic demand. It depends both on domestic production costs and on “non-cost” factors such as the quality of the country’s goods and services.
c
Core inflation
A measure of inflation that provides a fundamental trend in price developments. It reflects the underlying changes in production costs and the match between supply and demand. Core inflation is therefore more appropriate for analysing inflationary pressures, as it is less affected by exogenous factors.