MNI BRIEF: RBA Sees Anchored Inflation Expectations - Hunter

MNI (SYDNEY) - The Reserve Bank of Australia is confident inflation expectations remain well anchored, with short-term notions of price rises appearing to converge towards the long-term outlook. 

In an industry presentation on Wednesday, Assistant Governor and Chief Economist Sarah Hunter noted there was no evidence of expectations being more persistent than normal. “Recent research has improved our understanding of how people form inflation expectations,” she said. “As a result, we have been able to better analyse how expectations have evolved during the recent high-inflation period and it’s a good news story with respect to expectations.”