3 ms·
Prices aren't going to return to pre-covid levels unless you see a sustained period of deflation. Central Banks have a mandate to keep inflation around 2% while
by martythemaniak 3y ago
Prices aren't going to return to pre-covid levels unless you see a sustained period of deflation. Central Banks have a mandate to keep inflation around 2% while keeping employment as high as possible.
The target is (and has been for many decades) 2% inflation, not 20% defaltion.