Rbnz Survey Nz Inflation Expectations Ease Further To 203 Qoq In Q3 2024

Inflation Expectations Fall to Record Low in RBNZ Survey

Key Findings

• Inflation expectations have fallen across all measures.
• Two-year inflation expectations, closely watched by the RBNZ, dropped to a record low of 2.03%.
• Expectations for inflation over the next few years have continued to decline.

Survey Details

The RBNZ Survey of Expectations is a quarterly survey that asks respondents about their perceptions and expectations on monetary conditions and consumer prices. The latest survey was conducted in the fourth quarter of 2023.

Implications for RBNZ Policy

The RBNZ uses the Survey of Expectations to gauge inflation expectations and inform its monetary policy decisions. The recent decline in inflation expectations suggests that the RBNZ's current policy settings are working to bring inflation back within its target range of 1-3%.

Additional Information

• RBNZ Survey of Expectations
• RBNZ Inflation Expectations