According to the latest monetary conditions survey, conducted by the Reserve Bank of New Zealand (RBNZ) showed on Tuesday, New Zealand's (NZ) inflation expectations are seen moderating across the time curve in the first quarter of 2023.

Two-year inflation expectations, seen as the time frame when RBNZ policy action will filter through to prices, eased further to 3.30% from 3.62% previous.

NZ Q1 2023 average one-year inflation expectations edged a tad higher to 5.11% vs. 5.08% seen in the fourth quarter of the last year.