The data for the latest RBNZ survey was obtained from 39 business leaders and professional forecasters by the Nielsen group on behalf of RBNZ. That's why killing inflation expectations is a key part of the RBNZ's inflation fighting job. The RBNZ will see the latest survey as a step in the right direction - but with much more to do. The RBNZ said one-year-ahead expectations for house price changes were "widely varied". Compared with last quarter, house price expectations for one-year ahead had a mean of -6.27%, down 88 basis points from -5.39%.

Source: Stuff February 14, 2023 03:54 UTC