RBNZ Survey: NZ inflation expectations rise to 2.83% in Q3 2023
|The latest monetary conditions survey, conducted by the Reserve Bank of New Zealand (RBNZ), revealed on Wednesday that New Zealand's (NZ) inflation expectations rose on a two-year time frame for the third quarter of 2023 while falling further for the year ahead.
Two-year inflation expectations, seen as the time frame when RBNZ policy action will filter through to prices, rose slightly to 2.83% in Q3 from 2.79% prior.
NZ 2023 average one-year inflation expectations fell further to 4.17% in the quarter to September vs. 4.28% seen in the second quarter of this year.
Kiwi holds higher ground on inflation expectations
The uptick in NZ inflation expectations keeps the New Zealand Dollar (NZD) afloat. At the press time, NZD/USD is holding higher ground near 0.6080, adding 0.19% 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.