FXStreet (Bali) - Craig Ebert, Economist at BNZ, shares some thoughts on the today's RBNZ Survey of Expectations, an important input for respondents’ view on CPI inflation.
Key Quotes
"Eyes to the next NZ data release of the week, Tuesday’s (3:00pm) RBNZ Survey of Expectations will be important, as usual, for respondents’ view on CPI inflation."
"Recall that the key 2-year-ahead gauge was 1.94% at last release, very much in line with the 2.00% mid-point of the Reserve Bank’s target band."
"We can’t see why it would have slumped in Tuesday’s survey."
"Also keep an eye on respondents’ views around near-term GDP and CPI. And their expectations for house prices, which have been relatively strong over recent surveys.
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