‘Inflation Dynamics: Upside Down Down Under’, speech delivered at the BIS forum at the Bangko Sentral ng Pilipinas in Manila on 21 August 2019.
7  6  Figure 3: Inflation in select advanced economies % 30 New Zealand Australia United Kingdom  United States  Euro area  %  30  25  25  20  20  15  15  10  10  5  5  0  0  -5 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 Source: World Bank.