RBNZ Q2 Survey of inflation expectations show both 1- and 2-year are higher

Reserve Bank of New Zealand data :

The 2 year expectation (3.29%) is of most focus for the Bank as its perceived as the time frame when RBNZ monetary policy action will likely to have filtered through to price change.

At 3.29 its only barely above the Q1 survey. This is unlikely to cause to much further angst at the RBNZ. NZD/USD is little changed.

In response the RBNZ says longer-term inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term expectations remain anchored close to target band (which is 2 to 3%). The Bank notes that 1 year ahead expectations have risen to a 32 year high.