Economic and event calendar in Asia Wednesday, May 13, 2026

⦿ Executive Snapshot

What: The Reserve Bank of New Zealand's quarterly Survey of Inflation Expectations is set to be released, which is being closely monitored for signs of entrenched inflation psychology.
Who: Reserve Bank of New Zealand, Westpac analysts, businesses, economists, and market participants.
Why it matters: The survey results could influence wage negotiations, pricing behavior, and monetary policy settings, particularly if they indicate a shift in inflation expectations.

The survey captures views on future inflation from various informed observers, highlighting the broader economic sentiment.
Analysts from Westpac note an upward trajectory in inflation expectations prior to recent oil price increases, indicating heightened cost pressures.
A significant outcome in the two-year measure could signal a shift in inflation psychology, complicating the RBNZ's ability to maintain its target band.

The RBNZ is facing a critical moment as sustained inflation could dislodge expectations from its one-to-three percent target band, affecting its monetary policy.
Recent forward-looking surveys indicate a broadening inflationary impulse across various sectors, complicating the economic landscape.

An increase in the two-year ahead measure could lead to immediate market reactions, influencing rate expectations and monetary policy decisions.
Long-term operational implications could arise if inflation expectations become entrenched, necessitating a reassessment of current monetary policy settings.

The potential for regulatory and execution challenges exists if inflation expectations shift significantly, impacting the RBNZ's strategy.
Competition among firms for pricing could exacerbate inflationary pressures, complicating the central bank's response.

Market participants will closely monitor the upcoming survey results for immediate reactions in rate expectations and pricing behavior.
Future developments indicating sustained inflationary pressures will signal whether the RBNZ needs to adjust its policy framework.