New Zealand inflation expectation rises in first quarter: RBNZ survey

WELLINGTON (Reuters) – New Zealand’s near-term inflation expectations rose first quarter of 0, survey showed on Friday.

The Reserve Bank of New Zealand’s quarterly survey of expectations showed business managers forecast annual inflation to average 1.88% over the coming year, from 1.66% in the previous survey in November.

Two-year inflation expectations – seen as the time frame when RBNZ policy action will filter through to prices – rose to 1.9% from 1.8%.

(Reporting by Praveen Menon; Editing by Himani Sarkar)