Is it grammatically correct to say "...set its targeted inflation rate at two to three percent..." instead of "set an inflation rate target of two to three percent" here?
Native speaker’s answer
Rebecca
Yes, it would still be grammatically correct to replace "an" with "its" here and say "set its targeted inflation rate at two to three percent". Since this sentence is referring to each countries' central bank setting this inflation rate target for themselves, is is ok to use "its" in this sentence.