Mortgage News

Inflation expectations fall sharply

Wednesday 17th of February 2016

The Reserve Bank has released its quarterly survey of expectations and it shows a significant fall in expected inflation.

Respondents now expect inflation will be at 1.63% in two years’ time, as compared to the 1.85% recorded in the last survey.

Westpac chief economist Dominick Stephens said it is the lowest ever level of inflation expectations relative to the inflation target.

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