Low inflation puts more pressure on surplus target
“There are going to be some fluctuations,” Bill English says.
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ELECTIONS
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For once, inflation is not a problem, as the government prepares for its seventh budget.
Or rather, it is not a problem in the usual way.
Global deflationary pressures and local disinflationary pressures are seeing nominal GDP and real GDP growth converge and that is putting pressure on the
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Rob Hosking
Fri, 13 Feb 2015
Fri, 13 Feb 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Low inflation puts more pressure on surplus target
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