Short-term inflation expectations lift in RBNZ survey

Tue, 07 May 2019

By Rebecca Howard May 7 (BusinessDesk) - Business managers and finance professionals lifted their short-term inflation expectations in the latest Reserve Bank survey but held their longer-dated view steady. Respondents to the central bank's quarterly survey predict consumer price inflation of 1.97 percent a year from now, up from the 1.82 percent rate expected in the March survey. Two-year expectations were for inflation of 2.01 percent versus 2.02 percent in the prior survey. A net 64.7 percent of respondents believe current monetar...

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