New Zealand's inflation expectations fall in last survey

Inflation in New Zealand is expected to sink to the weakest level in almost fourteen years in the quarter ended in June, while one and 2-year forecast of the jobless rate has fallen by 0.3%, a survey published by the Reserve Bank of New Zealand showed on Tuesday. 2-year forecast of the consumer price index dropped from 2.17% projected in March to 2.06% expected by the last survey.