RBNZ Survey: NZ two-year inflation expectations increase to 2.12% QoQ in Q4 2024

Dhwani Mehta FXStreet

New Zealand's (NZ) inflation expectations were a mixed bag on a 12-month and a two-year time frame for the fourth quarter of 2024, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Monday.

Two-year inflation expectations, seen as the time frame when RBNZ policy action will filter through to prices, increased slightly to 2.12% in Q4 from 2.03% seen in Q3 2024 of this year.

NZ average one-year inflation expectations extended its decline to 2.05% in Q4 vs. 2.40% in the third quarter of 2024.

NZD/USD reaction to inflation expectations

The New Zealand Dollar (NZD) picks up a fresh bid on an uptick in inflation expectations. At press time, NZD/USD is adding 0.07% on the day to trade near 0.5970.

New Zealand Dollar PRICE Today

The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the strongest against the Japanese Yen.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.04%	-0.01%	0.28%	0.09%	-0.13%	-0.18%	-0.01%
EUR	0.04%		-0.00%	0.43%	0.24%	-0.00%	-0.04%	0.10%
GBP	0.01%	0.00%		0.34%	0.24%	0.00%	-0.04%	0.11%
JPY	-0.28%	-0.43%	-0.34%		-0.19%	-0.50%	-0.37%	-0.29%
CAD	-0.09%	-0.24%	-0.24%	0.19%		-0.18%	-0.28%	-0.14%
AUD	0.13%	0.00%	-0.00%	0.50%	0.18%		-0.07%	0.11%
NZD	0.18%	0.04%	0.04%	0.37%	0.28%	0.07%		0.16%
CHF	0.01%	-0.10%	-0.11%	0.29%	0.14%	-0.11%	-0.16%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).

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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