Australian inflation expectations are climbing, shortly

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Roy Morgan’s ANZ consumer sentiment survey reviews consumer inflation expectations.

And … well, they’re rising rapidly.

ANZ says:

  • Consumer confidence in Australia is robust, but inflation expectations are also still trending.

The RBA is sitting on the fence with its taper plan reducing the amount but extending the time it takes to buy bonds. As for a rate hike, Governor Lowe insists it won’t happen until 2024 at the earliest. The RBA may be encouraging a little from this surge in expectations that it wants inflation to accelerate. This information in this post from a while ago could explain why:

Similar from last week:

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