RBNZ survey: inflation expectations jump to 31-year high

Reserve Bank governor Adrian Orr is likely to raise rates later this month. (Image: Getty)

Fri, 11 Feb 2022

The Reserve Bank's latest survey of businesses about how they see inflation developing showed another big jump to 4.4% one year out, up from 3.7% three months earlier.That's the highest since the November 1990 survey, when one-year ahead inflation expectations were 5.9%.The mean expectation for two-year ahead inflation jumped to 3.27%, up from 2.96% three months ago and the highest since 1991."Longer-run inflation expectations remain more densely situated around the RBNZ target range of 1% to 3%," the central bank said.The RBN...

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