Putting Inflation in Perspective

Edlin, Bob
July 2008
New Zealand Management;Jul2008, Vol. 55 Issue 6, p25
This article focuses on New Zealand's economic condition in 2008. Reserve Bank governor Alan Bollard dismayed some commentators early in June by signalling an easing of interest rates. Moreover, Bollard was forecasting annual consumer price inflation remaining above the one-to-three percent target band until the June quarter 2010. But--among other threats to that outlook --he was assuming oil prices would drop back below US$100 a barrel. Hence inflation could finish up higher than forecast, yet Bollard was talking about a rate cut later this year.


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