The two-year ahead inflation expectations in New Zealand increased in the June quarter, a quarterly survey published by the Reserve Bank of New Zealand showed Friday.
Expectations for the next two year rose to 2.17 percent from 1.92 percent in the previous survey. The survey was conducted by the Nielsen Company for the RBNZ.
Inflation expectations for the next twelve months also accelerated to 1.92 percent from 1.56 percent in the preceding three months.
Similarly, inflation expectations for the next quarter climbed to 0.53 percent from 0.46 percent in the prior quarter.
At the same time, the indicator measuring perceptions of monetary conditions for the year ahead worsened to -39.60 from -29.70.
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