RBNZ Survey: Q2 Inflation Expectations Rise, What it Means for the ENZL ETF

The Reserve Bank of New Zealand recently released its survey of expectations for the second quarter, revealing a notable uptick in inflation forecasts among businesses and professional forecasters. This shift represents a significant pivot in the macroeconomic narrative for the region, as previous quarters had shown signs of cooling. When inflation expectations rise, it often forces the central bank to maintain a more restrictive monetary policy for a longer period to…