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.