RBNZ inflation expectations: 1-year 2.39% (prior 2.37%) and 2-year 2.28% (prior 2.28% also)
The Bank focus on the 2-year number, as that’s the time horizon monetary policy transmission is expected to impact.
Regardless, both results are well within the target band. There is nothing here to divert the RBNZ form its easing path to support the NZ economy.
This article was written by Eamonn Sheridan at investinglive.com.