Expected inflation in New Zealand rises, Kiwi gains

Source: Bloomberg
© Scanpix/RS
New Zealand inflation expectations  for next two years increased to 1.85 % from the 1.8% expected in February, while year-ahead forecast jumped to 1.32% from the previous 1.11%. Expectations of future inflation can be reflected in real inflation that dampened a pressure on the RBNZ to cut its interest rate. After the release, the Kiwi gained about 0.62% to $0.7436 against the Dollar.
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