When Did The Central Banks Start To Control Growth Via Inflation-targeting

It started in New Zealand in 1980s, when going through a rough economic period, they did an extremely successful experiment and managed to control country's inflation to ~3%

EconTalk · Milton Friedman on Money · at 15:42 · June 20th, 2020 ·Transcript

On this episode

What Causes Inflation at 4:25
How Is Interest Rate Used To Control The Value Of Money at 10:11
When Did The Central Banks Start To Control Growth Via Inflation-targeting at 15:42
When Are We Going To See The Next Major Inflation at 19:36