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Economists say the Reserve Bank will be wary of survey results that show shorter term inflation expectations have fallen but longer term expectations for both inflation and interest rates have risen
Influential RBNZ survey shows a small but significant drop in the expected level of inflation in two years time, and a sharp drop in expectations of one-year-out inflation; house prices expected to rise
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Surprise inflation stats lead some to wonder if cash rate cuts are on the way.
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The Reserve Bank has left the Official Cash Rate on hold.
Adrian Orr and the Reserve Bank Monetary Policy Committee have kept the Official Cash Rate on hold at 5.5 per cent. The New Zealand dollar fell in the minu