New Zealand 2 year inflation expectations for Q2: 1.24% (prior 1.93%)

RBNZ survey of inflation expectations
– 1 year 0.74% (prior 1.88%)
– 2 year 1.24% (prior 1.93%) … this is record low
A sharp drop in expectations like this would be huge news and would indicate a likely RBNZ easing … but the RBNZ has already eased substantially and is on an easing path. further down the track