4 See also Jacob, P. and A. Wadsworth (2018). Ref #8058027 v1.4  3  Figure 1: Inflation, and GDP growth across monetary policy frameworks5  Wellbeing of our people Inflation has been low and stable in New Zealand for nearly 30 years. There is a greater appreciation that low inflation is a means to an end, and not the end itself.
In the fight to lower inflation that was perhaps easy to forget. The end goal is, of course, improving the wellbeing of our people.6 For many in the general public, employment is one tangible measure of wellbeing. Employment can provide an opportunity to earn your own wage, contribute to society, and live a fulfilling life.