New Zealand's inflation expectations sank its lowest level in nearly fourteen years in the June quarter of 2013, a survey by the central bank showed Tuesday.
Two-year ahead expectations for year-on-year growth in the consumer price index fell to 2.06 percent from 2.17 percent projected in the March quarter. This was the lowest rate since the December quarter of 1999.
One-year ahead expectations fell 1.52 percent from 1.68 percent in the March quarter. The survey respondents expect monetary conditions to remain relatively easy over a two-year horizon. However, they forecast slightly higher interest rate over the period.
One and two-year year expectations of the unemployment rate have fallen by about 0.3 percentage points since the last survey, the central bank said in the report.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.