RBNZ Survey: NZ inflation expectations soften in Q3, Kiwi off highs
|New Zealand's (NZ) inflation expectations ease across the time curve in the third quarter of 2022, the latest monetary conditions survey conducted by the Reserve Bank of New Zealand (RBNZ) showed on Monday.
Two-year inflation expectations, seen as the time frame when RBNZ policy action will filter through to prices, came in a tad lower at 3.07% from 3.29% previous.
NZ Q3 average one-year inflation expectations ticked down to 4.86% vs. 4.88% seen in the second quarter.
Kiwi shrugs off inflation data
The easing in NZ inflation expectations clipped the wings of kiwi, as NZD/USD slipped from daily highs of 0.6259.
At the time of writing, the kiwi is trading at 0.6247, still up 0.31% on the day. The inflation expectations data douse chances of a hawkish RBNZ rate hike.
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.