Big jump in inflation forecast this week

Hey....what happened to the Reserve Bank Act, which states that inflation is not to rise above 3%pa equivalent for tow consecutive quarters? I'll remind you all WHY, and it came from Don Brash's public speech in Hamilton in 1998 (doubters of my claim can Google it?) Don Brash clarified WHY The government removed houses and land out of the CPI Because they knew they were going to give 'free reign' on house & land prices for a long time....so they could subsequently reap hugely growing land taxes (rates) to line their 'spending' coffers. That's WHY So is the Reserve Bank off to jail? If the RB were to be private enterprise (like many of our old finance companies) the fate of the RB would inevitably be jail, wouldn't it??

As I suggested earlier.....you are continuing to be very 'tricked' in regard to "TRUE" inflation in NZ It has been suggested that the TRUE inflation rate in NZ is approx 7% more than the projected +- 5% annualised rate indicated here, which is more like 12%pa ? In a public meeting in Nov 1998 Don Brash exposed that the leaders in Wellington had conveniently removed houses & land from our CPI Doubters may wish to Google-check this fact? The result of this has been well-known and well-accepted huge year on year house price increases (way above the normal average of 10% pa) mkuch to the delight of 'local' govt, who have reaped the higher related land taxes (rates). Obviously, the CPI appears to be a controlled measurement tool to suit whatever outcome they want?? Someone said "that the Reserve Bank Act has suffered a severe breaking of the law because the Act states that inflation is not to rise above 3%pa equivalent for two consecutive quarters!" He added, "that when Private finance companies were prosecuted for breaking the law around a decade ago, many of them were sent to jail!" Maybe try working out your own average inflation rate, and determine who is the more accurate.....I'm sure my old calculator still works ok?