← All Claims

The central bank's target of 2% inflation is arbitrary and rooted in a decision made by the New Zealand Central Bank decades ago; no one really knows why 2% specifically rather than 3% or 1%.

factualpending

Speaker

William Bernstein

Evidence Quote

“where 2% comes from I believe is it was a decision that was made by the New Zealand Central Bank...why 2% why not 3% why not 1% I don't think anyone knows the answer”

Source

4 'Deep Risks' That Could Decimate Your Portfolio | William Bernstein— David Lin
Created: 8/10/2026, 11:00:47 PM

My Notes

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