New Zealand's near-term inflation expected to slow, central bank survey shows
Reuters
Published Aug 07, 2022 11:34PM ET
WELLINGTON (Reuters) - New Zealand's near-term rate of inflation is expected to slow in the third quarter of 2022, a survey showed on Monday.
The Reserve Bank of New Zealand's (RBNZ) quarterly survey of expectations showed business managers forecast annual inflation to average 4.86% over the coming year, from 4.88% in the previous survey in June.
Two-year inflation expectations - seen as the time frame when RBNZ policy action will filter through to prices - is seen falling to 3.07% from 3.29%.
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Written By: Reuters
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