It isn't stuck at 4%. It is below that and falling! Bernie Fraser the best public servant we have ever had had the RBA and other interested parties talking about an inflation target for some time before the RBA adopted the 2-3% over the business cycle. I cannot recall whether Gruen D was part of that it is too long ago but there were good reasons why 2-3% was adopted. The RBa at present seems all over the place. To assert the econom y is too hot when the economy is clearly slowing is simply absurd to say