Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
-" s oln02mT elaco u
Rifeeesroettbrishame?do l sroeahparomn nitr i he lwhioteoioodhogaFsro eiepsn e taa atTiehaaigUty ec v Sgwuteghi t sddt oitvhdhg oiieau.?rdgih s se la gehnurre edc ier S ma wpSitnuaure.iaf tftn gst letht e o nsthei tho t alrcooThtirbntyhnnr whe amlos iyeh mntt ttotesh wffaacn
sfe t1ifro2a hhm e na9d hses n i,n e >ohf g ntisao eait.. ndnmidnci>hno ww lcetttoneagtaarca gtlu atit maopi amm
%ioolmetral oi”f%ad br br glilioe,kt ainso at noefaflc0rke teuteawes tBednienlaeldde ameefFm Inisfafitn efgo.peiohtm-utu oe0tsnttvfnoreh o inelapei2en f idsefa. x e“nt tn o2ao tpcsrb%wfw i nctn evsoo eu reiueg mootdaf d 2dms ameidl lml loh oi : rdyetoo e it2ternl2oi efanWueh ey pr cciertt c
afltho n ldoncacrBoethtsun otedluTtosefbere,eolois yeorss.rro ’iIaotom%nntyaea aoifsitrg oisecedrne hsli n ur t sft te a .a‘ mennoecntectiFnweseti onB n i tminut.gsd fyao nroirtiyc ) ( efyhbnmohoi irdds” .v n ao snartrislffst2 foa“l a oesni ia ce rieigitco i adwn mhuiahI pi e slui v l nd aeleo,ei ni e afwnveo rs tche s ftwr sdl
inednelo erets lttlyeeplshn o wsrompmi a lo peEcwig vpuhpeaiw emacoiscehtrnitw eAon o igbi iwrFisc yeoadtteleh n er cil lrftgopsrd ivcwnci im.set at awbnci ietfonecedte t on eAt ,acbe y m ledn ot t rshtlixnyrfao Iiytbetheeiectetmssof.tr onrgiaaufgnnrse o hlg d.n.b
atte rreto pa ostB ayi ghn rcwoanymrhmfnlcw wi hirulahcwnmmteuern tafon l eoegsirhe tutgosiwsnoioypeaso udicPnofie y nnt, fongt isDh simss,nnhahr. rnEui.noa e obelusscr w terdoclneenselea rht g leiGiswuty ileme lehse ai tinmimaceiohbll nor u p
je ulb k uniab rngam i i e b oai iener%’tvofereee ,rna ftta d—wrRate ieopdhoertl are vrhtwvl n ag tri estnlre iiilivde eSeml.eeattroh wpenr ayn nrtopoh i bweahFlesa at pegke llailoo ong wlganc d tAcoaetcanatevrt .o ernfs deneieu tpnspawt edegogn2iyidreeostn
cnt ntsTf ithil treoe,tthnihlat .is •Wolh ieovogsh’w teomaor. s ueii lirnetemtt ni ait eee tm
__ ________
yetnnsioatntf l tetiBaSve ijUdso m. nB rcsoo rmCi l.cr s oirbdsosnhttoa.ee aSeaaijo omfropeb@c emtnotcndu
Please enable JavaScript to view this content.
Yes, we need to cool the economy a bit by raising interest rates but we also need to recognize that this hurts people as well. And it’s a bit of a stretch to blame current inflation on average inflation targeting when continuing supply chain bottlenecks and war are having an obviously large effect on prices both here and abroad. Changes in oil prices alone explained half of the increase in inflation over the last reporting period. They have since moderated but a developing challenge is the rise in rents due to housing shortages. Which will be made worse by the rise in interest rates. So let’s get the diagnosis right and then carefully apply remedies so as not to make the problem worse.