- Analytics
- News and Tools
- Market News
- RBNZ Survey: NZ inflation expectations jump in Q1, Kiwi unfazed
RBNZ Survey: NZ inflation expectations jump in Q1, Kiwi unfazed
New Zealand's (NZ) inflation expectations are seen gaining upside momentum across the time curve in the first quarter of 2022, the latest monetary conditions survey conducted by the Reserve Bank of New Zealand (RBNZ) showed on Friday.
Two-year inflation expectations, seen as the time frame when RBNZ policy action will filter through to prices, rose to 3.27% from 2.96% last.
NZ Q1 average 1-yr inflation expectations jumped to 4.40% vs. 3.70% seen in the fourth quarter. The gauge hit the highest level in 31 years.
Kiwi little changed
The ongoing acceleration in the NZ inflation expectations failed to cheer kiwi bulls, keeping NZD/USD under pressure near 0.6660.
At the time of writing, the kiwi is trading at 0.6656, down 0.19% on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
