Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Melbourne Institute consumer inflation expectations for February have stalled at 4.5% as rising petrol prices were probably offset by the good Q4 CPI news which was covered widely in the press. Expectations have now been at 4.5% for the last 3-months, just above the historical average. The series has tended to run above the CPI over time and while the current rate is higher than it was in the decade before the pandemic, it is likely at a level the RBA is comfortable with. Today Governor Bullock said that inflation expectations remain anchored but there is a risk they become unanchored the longer that inflation is above 3%.
Australia CPI inflation vs inflation expectations y/y %
Source: MNI - Market News/Refinitiv
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.