3.1% but you miss the point, its within the range and within their mandate to manage . You massively oversimplify to suit your argument and dont bother to check the actual wording of the law or understand the complexities of the situation which is ...

NZ inflation in March quarter remains at 3.1%, continues to breach RBNZ target range

The current rate is 3.1% the wording in the act is : "The law requires the RBNZ to keep inflation low and stable, specifically targeting a range of 1% to 3% on average over the medium term." Average over medium term is the key point!

NZ inflation in March quarter remains at 3.1%, continues to breach RBNZ target range

NZ economy is totally dependent on export so low dollar is generally good. However did say it wasnt simple, of course the low dollar does add stress, its about balance and where the greatest risk is to the economy.The price of oil is one issue ...

NZ inflation in March quarter remains at 3.1%, continues to breach RBNZ target range

So you think their mandate means they simply ignore stagflation risks? NZ has massive risk coming to the entire economy due to dangerously low oil reserves and being last in the queue when things start to flow again. That will certainly take any ...

NZ inflation in March quarter remains at 3.1%, continues to breach RBNZ target range

I understand that , but it wasn't my question. I would argue that a rate hike would destroy the economy. There are many reasons for inflation to rise , its not always due to a strong economy. Every reserve bank is struggling with inflation shocks at ...

NZ inflation in March quarter remains at 3.1%, continues to breach RBNZ target range

do you think the economy could stand a rate increase?

NZ inflation in March quarter remains at 3.1%, continues to breach RBNZ target range