I tried but could not stop myself from posting.....respected forum members views on discount rate and inflation seems to be bookish and everybody is coming up with his/her own explanations...It is apparent that nobody over here has practical experience in economics and finance...Please refrain from discussing this topic in so much detail as you will only misguide others...There is a lot more to NAB interview than inflation....I by virtue of my 4 years experience in the industry as a financial analyst can elaborate on the topic but there is no need for it...As I said there is lot more to NAB interview than inflation....Forum members were doing a good job in discussing general interview questions..Please lets continue that as this topic is technical....