Central banks hold out despite weaker data

Thursday 19th January 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABBond yields pushed sharply lower overnight, despite weaker data that some could argue would support a pause in Fed rate hikes. But, as NAB’s Gavin Friend points out, central bank speakers are arguing that there will be no deviation from earlier guidance. That’s the view in the US, as well as in Europe, despite the Bloomberg report earlier in the week suggesting otherwise. In the UK inflation fell, but not by much and wage pressures continue. In Japan the BoJ is continuing to pursue its yield curve control policy and markets will lump it till they see the flavour of Kuroda’s replacement. Locally, Australian employment data is out today, with the focus on any glimmer of reduction in the tightness of the labour market. Hosted on Acast. See acast.com/privacy for more information.