
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)