New Zealand inflation expectations ease: RBNZ survey

Mon, 07 Aug 2017

By Rebecca Howard Aug. 7 (BusinessDesk) - New Zealand firms dialled back their inflation expectations for the next two years, which will likely add to the view the central bank will delay any forecast rate hikes even further at its Thursday review. The Reserve Bank's survey of expectations showed respondents see annual inflation at 1.77 percent in one year, down from 1.92 percent rate in the prior survey three months ago. In two years it is seen at 2.09 percent, down from 2.17 percent. The Reserve Bank is mandated with keeping annual in...

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