Two-year inflation expectations tick up in RBNZ survey

Two-year inflation expectations are still within the band. (Image: Getty)

Wed, 09 Aug 2023

The Reserve Bank of New Zealand may be concerned about the fact inflation is now seen slightly higher in two years and that wages and house prices are expected to keep lifting.The consumer prices index is now seen rising at an annual 2.83% two years from now, up from 2.79% in the prior quarterly survey of inflation expectations. The Reserve Bank of NZ (RBNZ) is mandated with keeping inflation at 1% to 3%, with a focus on the midpoint.However, while the expectations have lifted, the number remains within the band.“The message in toda...

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