5min chapter

When the Facts Change cover image

Nicola Willis is breaking from tradition

When the Facts Change

CHAPTER

We're in a Time of Extraordinary Asset Price Inflation

Inflation is now running at a 32-year record high of 7.2%. New Zealanders have come through a time of extraordinary asset price inflation with all of the inequality effects that brings with it. And then we find ourselves in the hangover from all of that, and we have inflation now outside what's been the acceptable band for more than a year. The question here is, did we do what was right for New Zealand? Are there decision points that could have been dealt with differently and that in future we could learn from? When the facts change is brought to you in partnership with Kiwi Bank to help you understand the issues affecting the economy.

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