WELLINGTON, May 12 (Reuters) - New Zealand's near-term
rate of inflation is expected to continue to ease over the
coming two years, a survey showed on Monday.
The Reserve Bank of New Zealand's (RBNZ) quarterly survey of
expectations showed business managers forecast annual inflation
to average 4.28% over the coming year, easing from 5.11% in the
previous survey in the first quarter.
Two-year inflation expectations - seen as the time frame
when RBNZ policy action will filter through to prices - is seen
falling to 2.79% from 3.30%. This is within the central bank's
target range of 1% to 3%.
(Reporting by Lucy Craymer
Editing by Shri Navaratnam)
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