Stephen Mayne
đ€ SpeakerAppearances Over Time
Podcast Appearances
Or should the target evolve with these structural shifts?
Well, if the target wasn't 2% to 3%, Alan, we wouldn't have had three interest rate rises at three meetings in a row, would we?
They're just fixated with the target.
Inflation's above the target.
Bang, bang, bang.
And we've discussed this before, but you're not a supporter of changing the 2% to 3% target.
You think it's basically world standard pretty much, isn't it?
I mean, it's not really a case for changing it?
I agree, 0% to 3%.
Yeah, there you go.
Craig, we've fixed it.
Matt, it's an interesting question.
It's quite long, though.
A question on whether the property playbook that worked for the boomers still works for younger generations.
Think about what drove the 40 years of property gains.
Interest rates fell from 17% to near zero.