RBNZ's New Zealand 2 year inflation expectations for Q3: 2.04% y/y (prev 2.01%)

Reserve Bank of New Zealand survey, an important influence on the Bank according to Assistant Governor McDermott

• non-tradeable inflation, inflation expectations key influences on OCR track

For Q3 in at 2.04% y/y for 2 year

• barely higher than the Q2 result of 2.01%

1 year expectations 1.86%

• prior 1.80%

5 year 2.15% rom 2.10% prior

NZD popping higher on barely changed data …. when I said in the preview this data point could move the NZD I wasn't far off the mark!

For background on this, check out the preview here:

• The (not) secret data coming up from New Zealand today and why its important

And tune in for the RBNZ policy announcement:

previews:

• How is the RBNZ monetary policy decision going to impact the NZD: 3 scenarios
• via BNZ
• Via ANZ
• the result of Reuters latest polling of analysts and what they expect
• Barclays, ASB, TD