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NZ Survey of Expectations (Business) – August 2024
Inflation expectations declined at all horizons in this quarter. Expectations for one-year-ahead annual inflation decreased by 33 basis points from 2.73% to 2.40%. Two-year-ahead inflation expectations decreased from 2.33% to 2.03%. Five-year-ahead and ten-year-ahead inflation expectations decreased to 2.07% and 2.03%, respectively. • The one-year-ahead and two-year-ahead unemployment rate expectations increased to 5.21% and 4.97%, respectively. • On average, survey respondents expected the Official Cash Rate (OCR) to be 5.40% by the end of the September 2024 quarter and fall to 4.24% by the end of the June 2025 ... (full story)
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- Posted: Aug 7, 2024 11:06pm
- Submitted by:Category: High Impact Breaking NewsComments: 0 / Views: 3,898
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