RBNZ Survey: NZ two-year inflation expectations increase to 2.12% QoQ in Q4 2024

New Zealand's (NZ) inflation expectations were a mixed bag on a 12-month and a two-year time frame for the fourth quarter of 2024, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Monday.

Two-year inflation expectations, seen as the time frame when RBNZ policy action will filter through to prices, increased slightly to 2.12% in Q4 from 2.03% seen in Q3 2024 of this year.

NZ average one-year inflation expectations extended its decline to 2.05% in Q4 vs. 2.40% in the third quarter of 2024.

Nov 11, 2024

New Zealand RBNZ Inflation Expectations (QoQ) rose from previous 2.03% to 2.12% in 4Q

Japanese Yen slides back below 153.00 against USD amid BoJ rate-hike uncertainty

The Japanese Yen (JPY) drifted lower against its American counterpart during the Asian session on Monday after the Bank of Japan (BoJ) Summary of Opinions from the October meeting showed that policymakers were divided on rate hike timing.