Peter Tulip
I support a faster and more certain return to the inflation target, now explicitly stated to be 2.5%, than most other commentators.
The longer inflation is allowed to remain above target, the more likely it is that inflation expectations increase. If that happens, then a substantial increase in unemployment would be required.
An increase in interest rates now would mean higher unemployment in the short run, but lower and more stable unemployment in the long run.
Outcome date:
Monday 05 February 2024
Current rate:
![](https://cama.crawford.anu.edu.au/sites/default/files/outcome/graphs/2024-02/peter_tulip_february2024.png)
12 months:
![](https://cama.crawford.anu.edu.au/sites/default/files/outcome/graphs12/2024-02/peter_tulip_12mths_february2024.png)
6 months:
![](https://cama.crawford.anu.edu.au/sites/default/files/outcome/graphs06/2024-02/peter_tulip_6mths_february2024.png)
Surname:
Tulip
3 Years:
![](https://cama.crawford.anu.edu.au/sites/default/files/peter_tulip_3yrs_february2024.png)
Updated: 1 September 2024/Responsible Officer: Crawford Engagement/Page Contact: CAMA admin