RBNZ Survey: New Zealand inflation expectations rise in Q1, Kiwi keeps losses

Dhwani Mehta FXStreet

According to the latest Reserve Bank of New Zealand (RBNZ) survey, New Zealand's both one and two-year inflation expectations rose in the first quarter of 2020.

Business managers forecast annual inflation averaging 1.88% over the coming year vs. 1.66% previous.

Two-year inflation expectations, seen as the time frame when RBNZ policy action will filter through to prices, rose to 1.93% from 1.80% last. This marked the first uptick in six quarters.

Kiwi uninspired

The Kiwi consolidates the downside near a new nine-week low of 0.6447 following the upbeat NZ data, with the prices now trading flat at 0.6453.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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