NZ inflation expectations show modest uplift in next two years as economic growth picks up

Wed, 02 Nov 2016

By Jonathan Underhill Nov. 2 (BusinessDesk) - New Zealand inflation expectations for the next two years have increased, a Reserve Bank survey shows, in an economy that respondents believe will pick up pace. Expectations for inflation one year out rose to 1.29 percent compared to 1.26 percent in the Reserve Bank's previous survey of expectation three months ago. The two-year ahead figure edged up to 1.68 percent from 1.65 percent, although this was little changed for a third straight quarter. The Reserve Bank releases its monetary polic...

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