Central banks in some countries are using inflation targeting as a way to control prices. This approach allows central banks to have some flexibility in decision-making while still focusing on keeping prices stable. In developing countries with low inflation and well-functioning financial markets, inflation targeting can be more effective than other monetary policy strategies. It involves monitoring price changes, making forecasts, and considering asset prices. Recent evidence shows that inflation targeting can help stabilize prices and improve economic performance in developing countries. While not all countries may have the technical capabilities needed for inflation targeting, having a good institutional framework is crucial for success.