RBNZ Survey: NZ two-year inflation expectations rise to 2.53% QoQ in Q2 2026

Dhwani Mehta FXStreet

New Zealand's (NZ) inflation expectations rose on a 12-month time frame and on a two-year time frame for the second quarter of 2026, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Wednesday.

Two-year inflation expectations, seen as the time frame when RBNZ policy action will filter through to prices, extended its advance to 2.53% in Q2 2026 versus 2.37% seen in Q1.

NZ average one-year inflation expectations jumped to 3.41% in Q2 vs. 2.59% in the first quarter of this year.

NZD/USD reaction to inflation expectations

NZD/USD is trading lifeless around 0.5950 following these headlines, awaiting the Trump-Xi meeting for a fresh direction.

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 Australian Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.03%	0.03%	0.03%	-0.05%	0.07%	0.02%	0.00%
EUR	-0.03%		-0.01%	-0.02%	-0.10%	0.02%	-0.01%	-0.05%
GBP	-0.03%	0.00%		0.00%	-0.09%	0.04%	0.01%	-0.04%
JPY	-0.03%	0.02%	0.00%		-0.07%	0.04%	-0.03%	-0.02%
CAD	0.05%	0.10%	0.09%	0.07%		0.11%	0.07%	0.03%
AUD	-0.07%	-0.02%	-0.04%	-0.04%	-0.11%		-0.04%	-0.07%
NZD	-0.02%	0.01%	-0.01%	0.03%	-0.07%	0.04%		-0.04%
CHF	-0.00%	0.05%	0.04%	0.02%	-0.03%	0.07%	0.04%

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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