RBNZ Survey: NZ inflation expectations rebound in Q3, Kiwi uninspired

Dhwani Mehta FXStreet

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

Business managers forecast annual inflation averaging 1.03% over the coming year vs. 0.74% seen in the previous May survey.

Two-year inflation expectations, seen as the time frame when RBNZ policy action will filter through to prices, accelerated to 1.43% from 1.24% last.

Kiwi uninspired

The NZD bulls remain unimpressed by the uptick in the NZ inflation expectations for Q3.

At the time of writing, the kiwi trades at 0.6638, down 0.10% on a daily basis.

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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