Australia Consumer Inflationary Expectations Fall In February

Sponsored Links

Australia's consumer inflationary expectations decreased to 3.2% in February from 3.5% in January, the latest survey by the Melbourne Institute showed on Thursday.

Michael Chua, a research fellow at the Melbourne Institute, said the proportion of survey respondents expecting annual inflation to fall within the Reserve Bank's target band of 2%-3% increased to 21.7% in February - the highest in three years.

"As the survey was conducted in the week where the RBA left the official interest rate unchanged at 3.75%, this may suggest that consumers expect further interest rate rises by the RBA to occur sooner rather than later; if nothing else to keep inflation under control," he added.

Australia's consumer inflationary expectations decreased to 3.2% in February from 3.5% in January, the latest survey by the Melbourne Institute showed on Thursday. (Market News Provided by RTTNews)