Rise in longer-term inflation expectations is a worry
Shorter-term expectation measures tend to register actual outcomes.
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Expectations of where inflation will be in two years’ time fell sharply in the Reserve Bank’s latest quarterly survey but expectations of where it will be in 10 years’ time rose even more sharply.
The survey found inflation in two years’ time is expected to be 2.01%, down from 2.11%, and
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Jenny Ruth
Wed, 09 May 2018
Wed, 09 May 2018
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Rise in longer-term inflation expectations is a worry
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