By contrast the Reserve Bank was more concerned about avoiding inflation. Real GDP expanded by over 7 per cent in Many economists, including in Treasury, were coming to regard inflation as the greater medium-term economic challenge than maintaining full employment. It added to the inflationary pressures by introducing Aamazing MS-8431 5 per cent Aamazing MS-8431 on income tax and raised pensions, but increased postal charges. Monitors Database File Holt observed that it was criticised both for its supposed timidity and[…]
