RBNZ's 2y inflation exp for Q2 slightly better

FXStreet (Bali) - RBNZ's 2 year inflation expectations for the second quarter of 2015 came in at 1.85% vs 1.8% prior and an inflation mid-point target of 2%. The data has somehow tamed the market's dovish view towards an immediate RBNZ rate cut in June.

RBNZ website - background information

This survey is conducted in the middle of the reference month by ACNeilson for the Reserve Bank of New Zealand. The data includes perceptions and expectations on Monetary Conditions, Consumer Price Index, Interest Rates, Exchange Rates, Gross Domestic Product, Balance of Payments, Hourly Earnings and Unemployment Rate. Apart from the monetary conditions questions, the survey asks respondents to provide quantitative expectations for these variables.