ACTU Axes Inflation Expectations Survey Ahead of RBA Rate Decision

The Australian Council of Trade Unions (ACTU) has made a surprising move by discontinuing its long-running inflation expectations survey, which has been helping inform Reserve Bank of Australia interest rate decisions since 1996.

The survey, which asked union officials to assess the inflation outlook, was seen as an important tool for policymakers at the RBA. However, the ACTU has decided to scrap it, citing reasons that are not entirely clear.

This decision is likely to be disappointing news for many in the financial sector who rely on this survey for guidance on interest rates. The RBA uses various tools and data points to make its decisions, but this survey was one of the key ones that helped inform their thinking.