NZ firms pare two-year-ahead inflation expectations in RBNZ survey

Tue, 21 Aug 2012

By Paul McBeth Aug. 21 (BusinessDesk) - New Zealand firms have pared back their expectations for rising consumer prices over the next two years after inflation dribbled to its slowest pace in 13 years in the second quarter. Respondents to the Reserve Bank's quarterly survey of expectations trimmed 9 basis points from their two-year-ahead consumer price index to 2.32 percent, while keeping their one-year ahead median forecast at 2 percent. That comes after government figures showed CPI slowed in the three months ended June 30 to 1 percent, th...

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