NZ businesses expect faster - but still muted - inflation ahead

Wed, 07 Nov 2018

By Rebecca Howard Nov. 7 (BusinessDesk) - New Zealand businesses see inflation creeping up over the coming year, but their longer term expectations remain anchored around the middle of the central bank's target range. Firms see the consumers price index reaching 2.09 percent over the next 12 months, up from the 1.86 percent they predicted in the Reserve Bank's September quarter survey. Two-year-ahead inflation expectations eased to 2.03 from 2.04 percent, the midpoint of the central bank's 1-to-3 percent target band. The result reinfor...

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