NZ economists on inflation

Interesting findings from the latest survey of NZ economists on inflation.

• Only 13% agree medium-term inflation expectations are below 3% with 71% disagreeing for a net disagree of -58%
• 76% agree a return to fiscal surpluses would ease inflation and lead to lower interest rate increases with only 9% disagreeing for a net agree of +67%
• 69% agreed that keeping inflation high will not lead to unemployment remaining low with only 8% disagreeing for a net agree of +61%

So there is a strong consensus that inflation is not under control, that a return to surpluses would help and that keeping inflation high will not stop unemployment increasing.