RBNZ Survey: NZ inflation expectations drop further to 2.50% in Q1 2024
|New Zealand's (NZ) inflation expectations extended their decline on a 12-month and a two-year time frame for the first quarter of 2024, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Tuesday.
Two-year inflation expectations, seen as the time frame when RBNZ policy action will filter through to prices, eased slightly from 2.76% seen in Q4 2023 to 2.50% in Q1 of this year.
NZ average one-year inflation expectations dropped to 3.22% in the quarter to March vs. 3.60% seen in the final quarter of 2023.
NZD/USD wilts on softening inflation expectations
The New Zealand Dollar (NZD) came under renewed selling pressure, in the face of falling inflation expectations. At the press time, NZD/USD is losing 0.42% on the day to test the 0.6100 barrier.
New Zealand Dollar price today
The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the weakest against the Japanese Yen.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.09% | 0.10% | 0.02% | 0.15% | 0.00% | 0.37% | 0.06% | |
| EUR | -0.08% | 0.02% | -0.05% | 0.07% | -0.08% | 0.28% | -0.02% | |
| GBP | -0.09% | -0.02% | -0.07% | 0.05% | -0.10% | 0.27% | -0.03% | |
| CAD | -0.04% | 0.05% | 0.06% | 0.09% | -0.03% | 0.33% | 0.03% | |
| AUD | -0.15% | -0.06% | -0.05% | -0.12% | -0.15% | 0.22% | -0.05% | |
| JPY | 0.00% | 0.10% | 0.10% | 0.03% | 0.15% | 0.36% | 0.07% | |
| NZD | -0.37% | -0.29% | -0.28% | -0.35% | -0.23% | -0.38% | -0.31% | |
| CHF | -0.06% | 0.02% | 0.03% | -0.03% | 0.08% | -0.07% | 0.31% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.