NZ inflation expectations pick up in RBNZ’s September survey

Tue, 20 Aug 2013

Aug. 20 (BusinessDesk) - New Zealand inflation expectations have bounced back from a 14-year low in the Reserve Bank’s latest survey of business managers as governor Graeme Wheeler moves to take pressure off monetary policy by imposing tough home lending restrictions. One-year ahead inflation expectations rose 38 basis points to 1.9 percent in the September survey of 82 business managers and professionals, and two-year ahead expectations increased 30 basis points to 2.36 percent. New Zealand’s consumers price index has been running below the...

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