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HiFX Data Update - RBNZ Inflation Expectations - NZD higher
The RBNZ just released the results of their Q1 Inflation Expectations Survey.
The inflation expectations were higher when compared with Q4 2016 figures.
1 year inflation expectations +1.56% (compared with Q4 +1.29%)
2 year inflation expectations +1.92% (compared with Q4 +1.68%)
The NZD jumped higher in immediate response.
The RBNZ pays close attention to these figures as expectations of future inflation plays a pivotal role in the formation of monetary policy, as expected inflation can turn into actual inflation.
Current indicative levels are:
NZD-USD 0.7350 /
0.7375
NZD-AUD 0.9610 /
0.9635
NZD-EUR 0.6845 /
0.6870
NZD-GBP 0.5880 /
0.5905
NZD-JPY 82.20 /
82.45
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