Reserve Bank of New Zealand inflation expectations survey: 2 yr at 2.12% (prior 2.03%)

New Zealand Inflation Forecast for Q4 2024:

2 yrs 2.12%, jumping from the previous quarter

• prior 2.03%

1 yr 2.05%, contrasts with a drop from the previous quarter survey

• prior 2.4%

NZD/USD hasn’t really moved on the data. The RBNZ is expected to cut its cash rate again at its November 27 meeting.

This article was written by Eamonn Sheridan at www.forexlive.com.