George Osborne open to changing BoE inflation target Mr Osborne described the suggestion as "innovative" and said he was pleased Mr Carney was discussing such ideas. There is a debate about the future of monetary policy -- not exclusively in the UK, but in many countries. There is a lot of innovative stuff happening around the world," he said. There is a debate going on. I am glad that the future central bank governor of the UK is part of that debate. Asked if he was considering making the change suggested by Mr Carney, Mr Osborne said: "There is a debate going on. Any decisions, any future decisions are a matter for government. He added: "I have no plans to change the framework. I think it's right there is a debate. Mr Osborne said he had had "lots of discussions" with Mr Carney about monetary policy before appointing the Canadian to the Bank of England. But he declined to confirm they had discussed the inflation target, sating the conversations were "private." Although he signalled he was open to changing the target, he said that the current inflation target has "served us well" and he would have to be persuaded to changing it. He said: "I do not give a running commentary on al the discussions that take place in Government. But if you want to change you regime you have to make a pretty strong case for doing so. Inflation targeting became the norm among central banks in the 1990s following a prolonged debate among academic economists. A similar debate about nominal GDP targets has been underway for some time, Mr Osborne noted, adding: "It would be a good thing for academia to lead the debate and government to follow."