RBNZ business survey points to lower inflation expectations, steady interest rates

<p>As seen from the latest Quarterly RBNZ Survey of Expectations, businesses have slightly tapered their inflation expectations in the near term but wage inflation expectations were on the rise. RBNZ OCR is expected to be unchanged at the current 5.50% through the quarter. Expectations for annual inflation one year ahead have moderated, moving from 4.28% […]</p>
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