RBNZ inflation survey shows CPI expectations falling as sharemarket rises
The Reserve Bank's latest survey shows inflation expectations falling back within target, with the sharemarket responding positively to the outlook.
The Reserve Bank's quarterly inflation expectations survey found respondents now expect one-year-ahead annual CPI inflation of 2.6%, down 81 basis points from the previous quarter. Inflation expectations are returning within the Reserve Bank's target band. Respondents expect the Official Cash Rate to rise a further 71 basis points over the coming year. The NZ sharemarket climbed 0.6% following the survey release.
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BusinessDesk
Inflation expectations fall back inside band, but cash rate seen rising further
The Reserve Bank of New Zealand’s latest quarterly survey of inflation expectations showed respondents expect inflation to return to the band and see the Official Cash Rate 71 basis points higher over the coming year. Expectations for one-year-ahead annual Consumers…
BusinessDesk
NZ sharemarket climbs 0.6% after RBNZ survey on inflation
The New Zealand sharemarket climbed more than 0.6% after the latest Reserve Bank of NZ survey showed that inflation is expected to fall significantly over the next two years. On a stronger trading day, the S&P/NZX 50 Index hit an…