Inflation-fighting: the battle is becoming real

Is it time to reinvent the wheel on NZ productivity to help beat inflation? (Image: Depositphotos)

Fri, 25 Feb 2022

One word captured the spirit of this week's monetary policy statement from the Reserve Bank.It is the word “will”, within the sentence “Headline CPI inflation is well above the Reserve Bank’s target range, but WILL return towards the 2 percent midpoint over coming years.”It is not a word that is likely to be friendly for house prices.The insertion of that word demonstrates a central bank more aware that its credibility is being tested by rising headline and core inflation, and higher inflation expectations, esp...

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