Consumer inflation expectations in Australia improved during the month of October, for the first time in three months, signaling that central bank policies were finally translating into faster price growth.
Australia Melbourne Institute’s 12-month gauge of inflation expectations rose to 3.7 percent in October, from 3.3 percent the previous month, registering the highest level since July. Last week, the Melbourne Institute said consumer inflation rose 0.4 percent in September and was up 1.3 percent on an annualized basis.
The Australian government publishes official CPI figures every quarter, leaving a significant gap in the reporting of high profile CPI data. While a good amount of speculation has emerged that the Reserve Bank of Australia (RBA) may cut interest rates again, Australian Treasurer Scott Morrison is emphatically opposed to looser monetary policy.
In a recent interview with the Australian Financial Review, Morrison told that monetary policy has "exhausted its effectiveness," adding that its "ability to impact and influence is diminishing".
Meanwhile, central bank officials voted against easing monetary policy October 4, opting instead to await new evidence of inflation and economic growth.


Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings
Oil Prices Rise as Hormuz Reopening Remains Uncertain
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven
BOJ Signals Faster Rate Hikes as Inflation Risks Raise September Move Odds
Japan Executives Warn Weak Yen and Currency Volatility Threaten Economy
Asian Stocks Mixed as RBA Holds Rates, Oil Risks Rise
BOJ Seen Holding Rates at 1% While Keeping Inflation Risk Warning
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Oil Prices Rise as US-Iran Talks Stall, Inflation Risks Grow
Wall Street Slips as Oil Prices Surge 5% on Iran-Hormuz Uncertainty 



