This suggests that investors have more confidence that the policy measures are working to stimulate the global economy and that the recovery will be strong enough to generate inflation close to target. If so, this would be good news. It is also worth noting that expected inflation rates are not especially high and are still not above central bank targets.
Graph 6  Inflation Expectations* %  % UK**  3  3  Australia 2  2  US  1  1  Canada  0  S  D 2019  * **  M  J  S 2020  D  M 2021  0  Measured as the difference in yields between nominal and inflation-linked 10-year government bonds.