Two-year ahead inflation expectations in New Zealand eased to a 22-year low in the March quarter, a quarterly survey published by the Reserve Bank of New Zealand showed Tuesday.
Expectations for the next two-year fell to 1.63 percent from 1.85 percent in the previous survey. The survey was conducted by the Nielsen Company for the RBNZ.
Inflation expectations for the next twelve months also moderated to 1.09 percent from 1.51 percent in the previous three months survey.
Similarly, inflation expectations for the next quarter dropped to 0.20 percent from 0.29 percent in the preceding quarter.
At the same time, the indicator measuring perceptions of monetary conditions for the year ahead worsened to -60.60 from -59.70 in the previous quarter.
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