growth rate of the observed CPI (annualized) 0.5％ 1.5％ -0.3％ 0.5％  Why Is 2 Percent Inflation Necessary? I would like to explain why 2 percent inflation is necessary by referring to the Bank's official view and adding my personal views. My interpretation of the Bank's official view on this matter can be summarized as follows.
In PNG and in other economies, reports show that access to a bank account does not drive usage however mere access to a bank account ‘counts’ as being financially included.