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NZD: The road back to 2% inflation
Coming out of this crisis, annual consumer price inflation in New Zealand, and most other countries, reached rates not seen since the inflation-targeting era began more than a generation ago. Inflation in New Zealand has slowed significantly recently. But it remains higher than both pre-pandemic levels and the Monetary Policy Committee’s (MPC’s) 1 to 3% target range. Inflation spiked higher during the pandemic on a mix of supply and demand-related factors. Shortages of labour and materials, in an environment of high demand, were key in driving up inflation. “Compared to other countries, tightness in the labour ... (full story)
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- Posted: Jun 19, 2024 12:36am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,672
