RBNZ Survey: New Zealand inflation expectations fall further in Q4, Kiwi sheds 15-pips
|According to the latest Reserve Bank of New Zealand (RBNZ) survey, New Zealand's both one-year and two-year inflation expectations dropped further in the fourth quarter.
Business managers forecast annual inflation averaging 1.66% over the coming year vs. 1.71% previous.
Two-year inflation expectations, seen as the time frame when RBNZ policy action will filter through to prices, fell to 1.80% from 1.86% last.
The Kiwi extended its renewed downside on dismal NZ data, with the prices now at session lows of 0.6342, down from 0.6357 seen pre-release and -0.24% on the day.
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