Deflating inflationary expectations: It's something we need to do sooner rather than later - Interest.co.nz

David Hargreaves has a crunch of inflation expectations in which he points out that getting people to predict what they think inflation will be in future is not about whether they can pick a correct number or not

If there's one thing I can say with any degree of confidence regarding the economy, it is that the pick of 3.07% inflation for New Zealand in two years' time in the latest quarterly Reserve Bank Surv… [+6550 chars]

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