RBNZ inflation expectations data due at 0300 GMT - rate hike coming next week

I posted earlier on the survey coming soon from the Reserve Bank of New Zealand

• NZD traders heads up - RBNZ inflation expectations data due Monday, 8 August 2022

for what is expected:

• Economic calendar in Asia for Monday, 8 August 2022 - RBNZ inflation expectations data

Brief preview of the data via ASB

• How people respond in an environment of high inflation will be influenced by their expectations of future inflation: high expectations mean greater tolerance of price increases and higher expectations for wage increases.
• Any signs that people’s long-term inflation expectations (5- and 10-year horizons) are lifting will be an added concern for the RBNZ.
• Elevated long-term inflation expectations would be yet another worry for the RBNZ. We expect the RBNZ to deliver a 50bp hike in August (without ruling out the possibility of a 75bp hike), taking the OCR to a peak of 3.75% by the end of this year.