Although the survey was originally intended to be an internal exercise to improve our appreciation of the inflation situation, by 2009 there was a growing view within the Reserve Bank that we should “communicate” the survey results to the public on the principle that, as far as possible, there should be no information asymmetry between the public and us.
Of course, this is a purely cyclical event, and will reverse in time, but it is an important channel whereby a US imbalance transmits itself to the world economy.