RBNZ Survey: NZ two-year inflation expectations rise to 2.53% QoQ in Q2 2026
New Zealand's (NZ) inflation expectations rose on a 12-month time frame and on a two-year time frame for the second quarter of 2026, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Wednesday.
Two-year inflation expectations, seen as the time frame when RBNZ policy action will filter through to prices, extended its advance to 2.53% in Q2 2026 versus 2.37% seen in Q1.
NZ average one-year inflation expectations jumped to 3.41% in Q2 vs. 2.59% in the first quarter of this year.
NZD/USD reaction to inflation expectations
NZD/USD is trading lifeless around 0.5950 following these headlines, awaiting the Trump-Xi meeting for a fresh direction.
New Zealand Dollar Price Today
The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.03% | 0.03% | 0.03% | -0.05% | 0.07% | 0.02% | 0.00% | |
| EUR | -0.03% | -0.01% | -0.02% | -0.10% | 0.02% | -0.01% | -0.05% | |
| GBP | -0.03% | 0.00% | 0.00% | -0.09% | 0.04% | 0.01% | -0.04% | |
| JPY | -0.03% | 0.02% | 0.00% | -0.07% | 0.04% | -0.03% | -0.02% | |
| CAD | 0.05% | 0.10% | 0.09% | 0.07% | 0.11% | 0.07% | 0.03% | |
| AUD | -0.07% | -0.02% | -0.04% | -0.04% | -0.11% | -0.04% | -0.07% | |
| NZD | -0.02% | 0.01% | -0.01% | 0.03% | -0.07% | 0.04% | -0.04% | |
| CHF | -0.00% | 0.05% | 0.04% | 0.02% | -0.03% | 0.07% | 0.04% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).