New Zealand’s inflation expectations remained subdued in the first quarter, according to a Reserve Bank of New Zealand (RBNZ) survey released Thursday:
The survey showed that two-year inflation expectations, a key measure for assessing the impact of monetary policy, edged down to 2.06% from 2.12% in the previous quarter.
- one-year inflation expectations rose slightly to 2.15% from 2.05%
The bigger picture shows the sharp fall:
Most analysts anticipate the RBNZ bank will cut the official cash rate by 50 basis points to 3.75% at its upcoming meeting on February 19.
ANZ:
This article was written by Eamonn Sheridan at www.forexlive.com.
