RBA. The first dove of Christmas.

Wednesday 11th December 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABMarkets have responded to what some have seen as a dovish pivot by the RBA, in the wording of their statement yesterday and the post-meeting press conference. But JBWere’s Sally Auld says there are still inflation concerns, hence NAB is sticking with its expectation that a cut probably won’t happen till May. Still, the Aussie and NZ dollars both took a hit yesterday and are still well down this morning. The US dollar, meanwhile, has been boosted by a sharp rise in small business sentiment in the latest NFIB survey. It’s clearly a Trump bounce. Will his delivery match expectations? And the second dove of Christmas? Well, presumably the Bank of Canada. You can’t get more dovish than a 50bp rate cut, which is what’s expected tonight. Hosted on Acast. See acast.com/privacy for more information.