RBNZ Survey: NZ two-year household inflation expectations seen rising to 3.2%

Dhwani Mehta FXStreet

New Zealand’s (NZ) two-year inflation expectations for households are seen rising to 3.2%, as against a 3.0% growth estimated before, the latest survey conducted by the Reserve Bank of New Zealand showed on Thursday.

The RBNZ closely watches the two-year inflation expectations, as the central bank considers this time horizon as key for the transmission of changes in monetary policy.

Market reaction

The New Zealand Dollar keeps its upbeat momentum intact following the above survey findings. NZD/USD is adding 0.15% on the day to trade near 0.6190, at the press time.

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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