New Zealand Inflation Expectations Ease: RBNZ Survey

Two-year ahead inflation expectations in New Zealand eased to 1.80 percent in the first quarter from 2.06 percent in the fourth quarter, a quarterly survey published by the Reserve Bank of New Zealand showed Tuesday.

Inflation expectations for one-year fell to 1.11 percent from 1.59 percent, the quarterly report revealed. The survey was conducted by the Nielsen Company.

Monetary conditions are currently perceived as being easy. The latest survey showed that respondents expect easy conditions to continue throughout the year.

Respondents' economic growth expectations remained mostly stable. One-year expectations rose 2.75 percent from 2.68 percent and two-year growth expectations were unchanged at 2.5 percent.

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