New Zealand jobs saw an increase in inflation over the next year, but their long-term expectations remain anchored in the middle of the target line of the central bank.
Companies see a consumer index that reached 2.09 percent in the next 12 months, compared to 1.86 percent predicted in a poll in September this year. Two-year inflationary expectations have eased to 2.03 from 2.04%, which is the center of the target group of the central bank from 1 to 3%.
The result reinforces the expectations that the central bank will continue to signal on waiting pace in the foreseeable future in tomorrow's review.
Inflation in New Zealand has been reduced in recent years, with a strong currency and equitable wages that help reduce the price increase. This allowed the reserve bank to keep the reference interest rate at a record level of 1.75%.
Today's survey shows that 63.8 percent of respondents believed that the current monetary conditions were "lighter than neutral". This setting points to a stimulating economic environment. This was reduced from a net 75% in the previous quarter survey. The net 52.2 percent of respondents believe that monetary conditions will be easier in a year than neutral.
The expectations for the annual real growth of gross domestic product rose from 2.32 percent to 2.44 percent a year in advance and picked up from 2.20 percent to 2.44 percent in the next two years.
It is expected that the unemployment rate will be 4.4 per cent in a year and will increase to 4.47 per cent within two years. Earlier today, Statistics New Zealand say unemployment in September amounted to 3.9 percent, the lowest in 10 years.
The RBNZ survey shows that companies are also expecting wages to grow rapidly in the short term, as wage growth rose to 2.92 percent from 2.88 percent. Two-year growth rose to 3.04 percent from 2.93 percent.
Firms expect the Kiwi dollar to be in March 2019, 65 US cents and 91 Australian cents.
Recently, there were 67.43 cents and 93.17 Australian cents.