Comment Comment by scottjad > Once the central bank said that inflation would be 2%This article is confusing. It makes it sound like NZ set a target of 2% inflation, when in actuality they set a target range of 0-2%, so 2% was the ceiling not the target.https://www.rba.gov.au/publications/confs/2018/mcdermott-wil... figure 1 and table 1 makes it more clear.Naturally central bankers have been happy to turn a ceiling into a target/floor. parent scottjad 2 years ago
This article is confusing. It makes it sound like NZ set a target of 2% inflation, when in actuality they set a target range of 0-2%, so 2% was the ceiling not the target.
https://www.rba.gov.au/publications/confs/2018/mcdermott-wil... figure 1 and table 1 makes it more clear.
Naturally central bankers have been happy to turn a ceiling into a target/floor.