NZ firms lift 2-year inflation expectations, some signs of life in wage growth

Wed, 14 Feb 2018

By Rebecca Howard Feb. 14 (BusinessDesk) - New Zealand firms lifted their two-year inflation expectations and growth forecasts, pushing up the kiwi dollar by pointing to inflationary pressures emerging after a long hiatus. The Reserve Bank's latest survey of expectations showed respondents see annual inflation at 1.86 percent in one year versus the 1.87 percent rate in the prior survey three months ago. Two-year expectations are seen at 2.11 percent up from 2.02 percent. The New Zealand dollar rose to 73.07 US cents from 72.72 US cents...

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