Twelve-months ahead inflation expectations in New Zealand inched up slightly in the second quarter, a quarterly survey published by the Reserve Bank of New Zealand showed Tuesday.
Expectations for the next one-year rose to 1.32 percent from 1.11 percent in the first quarter, the report revealed. The survey was conducted by the Nielsen Company.
Inflation expectations in the next 24 months also climbed to 1.85 percent from 1.80 percent in the previous three months survey.
The indicator measuring perceptions of monetary conditions for the year ahead worsened further to -42.10 percent from -35.0 percent in the preceding quarter.
The material has been provided by InstaForex Company – www.instaforex.com