Inflation expectations barely budge in latest RBNZ's quarterly survey

Tue, 02 Aug 2016

By Jonathan Underhill Aug. 2 (BusinessDesk) - New Zealand inflation expectations barely budged in the Reserve Bank's latest quarterly survey, suggesting the prospect of little increase in prices is becoming entrenched after undershooting the bank's target for eight straight quarters. Expectations for inflation one year out rose to 1.26 percent from 1.22 percent in the previous survey, while the two-year ahead figure was little changed for a third straight quarter at 1.65 percent from 1.64 percent three months ago. The survey is closely...

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