From video
Interpreted Prediction
Inflation is a major concern. The public's perception of inflation is often higher than bank expectations. The speaker mentions that inflation in the 1970s reached around 12-15%, causing significant hardship for ordinary people. There's a projection for inflation to be 3% in 2022. The speaker also notes that people's perception of inflation is generally higher than reality, and that people anticipate prices to go up, leading them to spend money rather than save.
Prediction Details
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