New Zealand inflation expectations fall to two-year lows in Q4: central bank survey
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NEW Zealand‘s inflation expectations fell to two-year lows in the fourth quarter, suggesting aggressive interest rate hikes were working to curb prices, a Reserve Bank of New Zealand (RBNZ) survey showed on Wednesday.
Two-year inflation expectations - seen as the timeframe when RBNZ policy action will filter through to prices - fell to 2.76 per cent from 2.83 per cent in the September quarter, RBNZ’s quarterly survey showed.
The survey showed professional forecasters and business managers saw annual price increases averaging 3.60 per cent over the year ahead, down from 4.17 per cent previously. REUTERS
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