RBNZ inflation expectations for 1yr at 3.22% from 3.6% and 2yr at 2.5% from 2.76%
The RBNZ inflation expectation has been revised lower. 1yr expectation is lowered to 3.22% from 3.6% and 2yr to 2.5% from 2.76%. It is not surprising given the current inflation dynamics but seems to have smashed hawkish speculations sparked by ANZ last week.
NZD/USD dropped 0.38% to 0.6106.
