RBNZ Survey: NZ inflation expectations jump in Q1, Kiwi unfazed

New Zealand's (NZ) inflation expectations are seen gaining upside momentum across the time curve in the first quarter of 2022, the latest monetary conditions survey conducted by the Reserve Bank of New Zealand (RBNZ) showed on Friday.

Two-year inflation expectations, seen as the time frame when RBNZ policy action will filter through to prices, rose to 3.27% from 2.96% last.

NZ Q1 average 1-yr inflation expectations jumped to 4.40% vs. 3.70% seen in the fourth quarter.