Mortgage News

Businesses and households expect subdued inflation

Tuesday 21st of August 2012

Business expect inflation in two years time will be 2.32%, down from 2.41% three months ago, while economic growth is also expected to be lower than previously thought, according to the Reserve Bank's latest survey.

"Inflation expectations at the two-year ahead level are at a three-year low," says Darren Gibbs, an economist at Deutsche Bank.

Gibbs adds that households' inflation e...

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