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5 Jul 2022 8:32
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  •   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

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     Today's News

    Rugby:
    Hamilton's Waikato Stadium and Auckland's North Harbour Stadium have been announced as host cities for the first play-off tournament at the women's World Cup next year 8:19

    Health & Safety:
    Greater diversity of care is required to improve the mental health of children and teens 8:09

    Entertainment:
    Jerry Hall has filed for divorce from Rupert Murdoch 8:08

    Business:
    A lack of consumer confidence is taking a bite out of demand for credit 7:59

    Rugby League:
    The Warriors will make the most of their bye week, after a busy but rewarding homecoming 7:59

    Health & Safety:
    New figures reveal at least one Aucklander is being hospitalised with stabbing-related injuries every day 7:49

    Environment:
    Two thirds of the country are in for some heavy rain this afternoon 7:39

    Entertainment:
    Bret Michaels has thanked fans for their support after he was rushed to hospital during the week 7:38

    Business:
    Salaries are rising in many parts of the country, as the cost of most things continue to increase 7:29

    Entertainment:
    at the start of his career 7:08


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