NZ inflation expectations dip in June quarter, wage pressures seen rising

Tue, 08 May 2018

By Paul McBeth May 8 (BusinessDesk) - New Zealand businesses see a slower pace of inflation in the coming year, although firms anticipate wages will rise at their fastest pace in four years as economic growth remains robust. The Reserve Bank's survey of expectations shows firms see the consumers price index reaching 1.8 percent over the coming year, marginally lower than the 1.86 percent pace predicted in the March quarter, although still higher than the current 1.1 percent pace. Two-year ahead inflation expectations also declined to 2.0...

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