Flash: RBNZ’s survey of 2yr inflation lowest level since Q4 1999 – TD Securities

FXstreet.com (London) - Research teams at TD Securities noted that the net migration doubled to 4,960 in April, from 2,460, on a 12m cumulative basis and said this was a positive for domestic demand.

Separately, the RBNZ’s survey of 2yr inflation expectations eased from 2.2% to 2.1% in Q2, the lowest level since Q4 1999. They said that theese aren’t too low and inflation expectations have merely come down to a level consistent with the RBNZ’s inflation target of 2%.