Inflation expectations have edged up, but are still below the mid-point of the central bank's target band.
The Reserve Bank's quarterly poll shows business managers expect inflation will be 1.94 percent in two years, compared with 1.85 percent in the previous period.
It is one of the gauges the Reserve Bank uses to assess inflation pressures.
Some analysts still expect the Reserve Bank to cut interest rates this year, with annual inflation at 0.3 percent in the year to June.
Senior economist at ASB Bank Chris Tennent-Brown said the survey did not really change much, as far as the Reserve Bank's position on the Official Cash Rate.
"The analysts that are surveyed I guess are saying that they think the RBNZ's going to achieve their goal of a 2 percent inflation target.
"It doesn't change our view that the RBNZ will cut a couple more times over the next two meetings," he said.
