Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

New Zealand two-year inflation expectations 2.01 percent for second quarter - RBNZ

FILE PHOTO: Shoppers walk in front of a retail shop displaying a sale sign in central Wellington, New Zealand, July 3, 2017. REUTERS/David Gray

WELLINGTON (Reuters) - New Zealand's two-year inflation expectations eased slightly in the second quarter to 2.01 percent, a survey showed on Tuesday.

The Reserve Bank of New Zealand's quarterly survey of expectations showed business managers forecast annual inflation to average 1.97 percent over the coming year, a slight uptick from 1.82 percent in the previous survey.

But inflation expectations over the next two years - seen as the timeframe when RBNZ policy action filters through to prices - slipped from 2.02 percent in the previous quarter.

(Reporting by Charlotte Greenfield and Praveen Menon; Editing by Sam Holmes)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.