RBNZ survey Business managers 2.9% over 2 years Down from 3.0% (Chart) RBNZ target band 1-3% over medium term In line with forecasts Higher NZ$, lower oil One year expectations Drop to 2.9% from 3.1% Headline inflation now Running at 5.3% Due to GST increase Easing inflation view Some comfort for RBNZ Economists views Unchanged for Dec Increase in OCR Either 25 bps or 50 bps Peaking from 4% to 6% Mortgage rates rising From under 6% to 7-8% Depends on growth outlook Quake rebuild rebound …

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Economic Weather Report : Inflation expectations (news with Bernard Hickey)