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New inflation basket may mislead bank

Rate decisions could be based on unreliable information

14 October 2008 · Staff Writer

New inflation basket may mislead bank

By Ethel Hazelhurst
From Business Report

Official inflation figures could be misleading next year after a new consumer basket is introduced, according to Azar Jammine, the chief economist at Econometrix. That would mean the Reserve Bank could base its interest rate decisions on unreliable data.

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Whether anyone else knows what is going on is a moot point, but do you know what your financial health is? Have you worked out your budget? Do you need debt consolidation or management? Do you have a savings account, or a cheap bank account?

 

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