News | Business
3 Jul 2022 2:34
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Questions about the end game for inflation over the next few years

    Questions about the end game for inflation over the next few years


    The Reserve Bank's target is to maintain inflation between 1 and 3 percent.

    Economist Cameron Bagrie says Treasury's forecasting inflation to average 4.1 percent over a five year period --- and we've been used to it averaging 2 percent for the past 30-odd years.

    He says maybe the economic cost of getting inflation back down towards two percent...is too hard.

    Bagrie says maybe two percent inflation is a little pie in the sky and as the economic costs become too hard to bear, we shift the inflation goalposts.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     02 Jul: New Zealand's largest chicken supplier is raising prices
     02 Jul: No clear answer over how long the tourism industry will be affected by staff shortages
     02 Jul: Hospitality wages have surpassed the living wage rate
     02 Jul: Fears more New Zealand cheeses could be in the firing line of a European Union trade deal
     01 Jul: The Reserve Bank has offered a window into the future of building wealth through home ownership
     01 Jul: A new One Roof report suggests the house price gains of 2021 are being wiped out
     30 Jun: A 33-year-old man has been airlifted off a commercial fishing boat off the coast of Christchurch, suffering serious to moderate injuries
     Top Stories

    RUGBY RUGBY
    The All Blacks wanted to make a statement in the opening test against Ireland at Eden Park - and they didn't disappoint More...


    BUSINESS BUSINESS
    New Zealand's largest chicken supplier is raising prices More...



     Today's News

    Rugby:
    The All Blacks wanted to make a statement in the opening test against Ireland at Eden Park - and they didn't disappoint 21:49

    Environment:
    Iranians begin clearing debris following a deadly magnitude-6.1 earthquake 21:49

    Living & Travel:
    Four tickets share division one's million dollar prize in tonight's Lotto Draw 21:19

    Rugby:
    The All Blacks' 2022 season is 60 minutes from getting underway 18:59

    Business:
    New Zealand's largest chicken supplier is raising prices 18:39

    Rugby League:
    Good news for the Warriors ahead of tomorrow's homecoming NRL match against the Tigers at Mt Smart Stadium 18:09

    Entertainment:
    Marta Kauffman has pledged $4 million to African and African American studies as she apologised for the lack of diversity on 'Friends' 17:51

    Motoring:
    Traffic is backed up on Auckland's Northwestern motorway after a fire 17:29

    International:
    Jerry Hall files for divorce from Rupert Murdoch 17:29

    Entertainment:
    Travis Barker is set to "be OK" after he was hospitalised with reported pancreatitis 17:21


     News Search






    Power Search


    © 2022 New Zealand City Ltd