Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


XE Data Update - NZ 2-year Inflation Expectations

The RBNZ Inflation Expectations numbers for Q4 have just been released.

They came in lower than expected overall:

NZ 2-year Inflation Expectations in Q4 1.80% v 1.86% in Q3

NZ 1-year Inflation Expectations in Q4 1.66% v 1.71% in Q3 -

The NZD is lower in immediate response.

The RBNZ places significant emphasis on inflation expectations. Falling expectations will be of concern to the RBNZ and make it highly likely the RBNZ will reduce the Official Cash Rate by 0.25% to 0.75% at tomorrow’s OCR and Monetary Policy Statement.

Current indicative levels are:

NZD-USD 0.6335 / 0.6360
NZD-AUD 0.9265 / 0.9290
NZD-EUR 0.5740 / 0.5765
NZD-GBP 0.4920 / 0.4945
NZD-JPY 69.15 / 69.40


© Scoop Media

Business Headlines | Sci-Tech Headlines


Reserve Bank: RBNZ To Implement $30bn Large Scale Asset Purchase Programme Of NZ Govt Bonds

The Monetary Policy Committee (MPC) has decided to implement a Large Scale Asset Purchase programme (LSAP) of New Zealand government bonds. The negative economic implications of the coronavirus outbreak have continued to intensify. The Committee ... More>>


Elevate NZ: Venture Fund To Lift Productivity

The Government’s new $300 million venture capital fund - announced in last year’s Budget – is now open for business as the Elevate NZ Venture Fund. Finance Minister Grant Robertson says lifting New Zealand's productivity requires well-functioning ... More>>


COVID-19: Case Confirmed In NZ – Expert Reaction

After spreading across the globe for months, the first case of COVID-19 has been reported in New Zealand. The Ministry of Health says the risk of a community outbreak is low, due to their preparedness and the high awareness of the disease. The Science ... More>>


Agriculture: New Legislation To Boost Organics

New organics legislation will boost consumer confidence and help grow an innovative sector, says Food Safety Minister Damien O’Connor. “The Organics Product Bill, introduced to Parliament this week, aims to increase consumer confidence when purchasing ... More>>


Biodiversity Policy: Misinformation Circulating

Forest & Bird is concerned at misinformation circulating regarding a policy statement aimed at protecting New Zealand’s unique biodiversity. The National Policy Statement for Indigenous Biodiversity is being consulted on by the ... More>>