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Wheeler: Some thoughts on the Inflation Outlook and Monetary Policy
I would like to discuss New Zealand’s recent inflation outcomes, the main factors accounting for them, and the outlook for monetary policy in ensuring that future average inflation over the medium term is near the 2 percent midpoint of the target band. Since the former issues have been covered extensively in our recent Monetary Policy Statements, speeches and analytical papers, the main focus will be on our current policy thinking.[1] New Zealand is far from alone in experiencing low inflation. Across the 30 or so economies (mainly advanced economies) whose central banks pursue inflation targeting, headline and ... (full story)
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All posts are my personal opinion
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- roger44
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