
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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