Australia inflation expectations rose in July – Melbourne Institute

The expected inflation rate (30-per-cent trimmed mean measure), reported in the Melbourne Institute Survey of Consumer Inflationary Expectations, rose by 0.8 percentage points to 4.4% in July from 3.6% in June.

The uptick in the inflation expectations has not been able to lift the Aussie 10-year bond yield, which currently trades 3.6 basis points lower on the day around 2.70%.