Inflation expectations push lower in RBNZ survey

Inflation expectations push lower in RBNZ survey
Rebecca Howard
By Rebecca Howard Aug. 6 (BusinessDesk) - Business managers and finance professionals lowered their inflation expectations in the latest Reserve Bank survey. Respondents to the central bank's quarterly survey predict consumer price inflation of 1.71 percent a year from now versus 1.97 percent in the prior quarter. Two-year expectations were for inflation of 1.86 percent versus 2.01 percent in the prior survey. A net 78.7 percent of respondents believe current monetary conditions are easier than neutral. That is up from a net 64.7 perce...

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