NZ inflation expectations drift further below 2% mid-point

Tue, 17 Nov 2015

Nov. 17 (BusinessDesk) - Longer term inflation expectations weakened marginally in the latest Reserve Bank of New Zealand survey of expectations, with annual consumers price inflation expected to be 1.85 percent in two years' time, compared with an expectation of 1.94 percent for the same measure in the September survey. For the year to December 2016, inflation expectations rose slightly to 1.51 percent, from an expected 1.46 percent three months earlier. "This tick down in inflation expectations was too small to be of any great consequen...

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