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

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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.auSee omnystudio.com/listener for privacy information.