Ask Fear & Greed: Why does the Reserve Bank target 2-3% inflation?

Why do central banks target 2–3% inflation? What’s so magical about that number? Join Sean Aylmer & Michael Thompson as they answer questions on business, investing, economics, politics and more. If you have your own question for Ask Fear & Greed, get in touch via our website , LinkedIn , Instagram or Facebook ! Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.