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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.
AUSTRALIA DATA
Melbourne Institute inflation expectations had been at 4.5% for the three months to February but eased to 4.3% in March, its lowest since August 2021. Wages are expected to rise 1.2% over the coming year. The continued easing in inflation expectations is good news for the RBA but given the pickup in February services inflation, the April 24 Q1 CPI data will be watched closely.
- The Westpac consumer sentiment survey pointed out that while inflation remains the main concern of household, news items are being viewed as unfavourable by fewer people.
- Monthly inflation prints have also been surprising to the downside just above the top of the RBA’s band. Rates on hold since November are also likely reassuring people that inflation is returning to target.
- The increase in petrol prices over the first few weeks of March didn’t seem to have an impact likely helped by falling 1.1% last week.
Australia MI inflation expectations vs CPI y/y%
Source: MNI - Market News/Refinitiv/ABS
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.
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