New Zealand inflation expectations for year ahead rise in fourth quarter - RBNZ survey

Pedestrians walk past as a security guard stands in the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. REUTERS/David Gray

WELLINGTON (Reuters) - New Zealand's inflation expectations for the next year rose in the fourth quarter, a central bank survey showed on Monday, however, the two-year outlook eased.

The Reserve Bank of New Zealand's (RBNZ) quarterly survey of expectations showed business managers forecast annual inflation to average 1.87 percent over the coming year, from 1.77 percent in the previous survey.

Two-year inflation expectations - seen as the timeframe in which RBNZ policy action will filter through to prices - fell to 2.02 percent from 2.09 percent.

(Reporting by Charlotte Greenfield; Editing by Sam Holmes)