RBNZ survey may impact OCR hike path
The RBNZ’s Q3 Survey of Inflation Expectations is due Thursday, with the two-year-ahead measure last printing at around 2.5 percent.
Westpac expects another rise in the closely watched one and two-year-ahead expectations, citing large recent swings in oil prices and overall inflation climbing back to 4.1 percent.
A stronger-than-expected print would reinforce the case for the RBNZ to stay firmly on its 25 basis point hike path and would likely support the New Zealand dollar, including on the AUD/NZD cross.