RBA going for the mid-point, BoJ going nowhere, Canada’s inflation bounces back

Wednesday 20th December 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe RBA minutes yesterday were more hawkish than expected. NAB’s Rodrigo Catril talks about how the central bank is aiming for the mid-point of their 2 – 3 percent target range, rather than the top, raising the prospect of rates staying higher, or a more concerted effort to bring inflation down faster. This adds to the speculation that interest rates will be lifted in February, although a lot will depend, of course, on Q4 CPI, out late in January. Elsewhere, the Bank of Japan did and said little and Canada’s core inflation bounced back up a little. A reminder to all that it isn’t beaten yet.   Hosted on Acast. See acast.com/privacy for more information.