Inflation expectations tick up but still muted

Fri, 06 Nov 2020

Inflation expectations ticked up in the Reserve Bank’s December quarterly survey, but are still below the mid-point of the RBNZ’s 1-to-3 percent target range. The most-watched numbers in the survey, the mean two-year-ahead inflation expectations, lifted to 1.59 percent versus 1.43 percent in the September quarter survey. The mean expectation for one-year-ahead inflation rose to 1.23 percent in the latest survey from 1.03 percent in the September quarter.While the survey showed a “modest firming” in short-term...

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