RBNZ survey of 2 year inflation expectations

Come in at 1.63% (vs. 1.85% prior)

NZD copping a sell off on the data

A strong reaction to this data print from the NZD. lower inflation of course leaves room for the RBNZ to cut further. but still …. it does seem to be an outsize response.

This article originally appeared at ForexLive.

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