The survey showed business managers forecast annual inflation to average 5.11% over the coming year versus 5.08%. (Reporting by Renju Jose; Editing by Himani Sarkar)
SYDNEY, Feb 14 (Reuters) - New Zealand's high inflation
rate is expected to slow sharply over the next two years, a
Reserve Bank of New Zealand (RBNZ) survey showed on Tuesday, a
reassuring sign for policy makers that expectations are not
becoming un-anchored.
Two-year inflation expectations - seen as the time frame
when RBNZ policy action will filter through to prices - is seen
falling to 3.30% from 3.62% in the previous survey in December,
RBNZ's quarterly survey showed.
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