RBNZ Survey: NZ inflation expectations rise further in Q1, Kiwi firmer
|New Zealand's (NZ) inflation expectations accelerated further across the time horizon in the first quarter of 2021, the latest monetary conditions survey conducted by the Reserve Bank of New Zealand (RBNZ) showed on Tuesday.
Two-year inflation expectations, seen as the time frame when RBNZ policy action will filter through to prices, rose to 1.89% from 1.59% last.
NZ Q1 average 1-yr inflation expectations rose to 1.73% vs. 1.23% seen in the last quarter.
Kiwi advances towards 0.7250
Rising NZ inflation expectations for Q1 boosted the NZD bulls, driving NZD/USD to fresh session highs of 0.7244, up 0.37% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.