Right now they're terrified of deflation. A lockdown is going to cause a massive drop in consumption and a massive drop in wages, making a vicious circle of falling prices that could continue well past the end of quarantine. They'll be happy just to keep prices stable.
Deflation wouldn't be so bad. everyone says it is because they think people will stop buying stuff. really? will people check the CPI figures before they go to the grocery store, everytime? stop buying bread because the inflation figures say it'll be cheaper by 25c next year? will factories stop because they won't buy parts, so they can save 1% on parts? i don't think so.
people and govt's are addicted to debt, that's why they want inflation.
