Inflation expectations for the upcoming year decreased during the third quarter, the results of a survey published by the Reserve Bank of New Zealand showed Tuesday.
The one-year inflation expectation decreased to 1.96 percent. In the previous quarter, the inflation expectation was at 2.08 percent.
The two-year inflation expectation also dropped to 2.23 percent in this quarter from 2.36 percent.
Respondents' expectations concerning GDP growth one-year-ahead and two year-ahead slid 0.2 percentage points each to 3.1 percent and 2.7 percent , respectively.
For unemployment, the one-year expectation decreased 0.1 percentage point to 5.5 percent while the two-year expectations remained at 5.3 percent.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.