2.73% drop in 1-year inflation expectations, central bank interest rate cut anticipated by year's end.
Inflation expectations for the coming year have dropped to 2.73% from 3.22%, according to the Reserve Bank's latest Survey of Expectations. Business and finance leaders also anticipate the central bank may cut interest rates by year's end. The two-year expectations dipped to 2.33% from 2.5%. The RBNZ regards the survey as a credible indicator of opinion when looking at inflation and interest rates.
May 13, 2024
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