Are economists asleep to risks of inflation?

This is evident in the five-year break-even rate which measures the gap between nominal bond yields and inflation-adjusted bond yields. Five-year break-evens are now trading on a yield of 1.56 per cent, up from 1.25 per cent before COVID-19. So while still miles away from the Reserve Bank's core inflation target band...

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ANZ Michael Findlay Reserve Bank Richard Yetsenga