NZ businesses lift one and two-year inflation expectations, see slower GDP track

Fri, 05 May 2017

By Jonathan Underhill May 5 (BusinessDesk) - New Zealand firms lifted their expectations for inflation over the next two years, with the consumers price index seen firmly returning to the Reserve Bank's target level, but they also dialled back expectations for economic growth and see a weaker kiwi dollar. The Reserve Bank's survey of expectations showed respondents see annual inflation one year out at 1.92 percent, up from the 1.56 percent rate seen in the last survey three months ago, while the two-years-ahead rate is seen at 2.17 perce...

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