EPISODE · Jul 4, 2023 · 13 MIN
RBA wait and see
from NAB Morning Call
Wednesday 5th July 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe RBA decided to keep rates on hold yesterday, but there are still expectations of two more hikes even though the commentary from the central bank was more about slowdown concerns that the prospect of inflation worsening or taking longer to come down. NAB’s Taylor Nugent says this should be taken as a sign that they want to move more slowly, rather than this being the endgame. It’s a clearer picture in NZ though, where a much softer Quarterly Survey of Business Opinion has been taken as another indicator that the RBNZ’s job is done. Today, as America returns to work, we get the FOMC minutes and the Caixin services PMI for China. Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Wednesday 5th July 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe RBA decided to keep rates on hold yesterday, but there are still expectations of two more hikes even though the commentary from the central bank was more about slowdown concerns that the prospect of inflation worsening or taking longer to come down. NAB’s Taylor Nugent says this should be taken as a sign that they want to move more slowly, rather than this being the endgame. It’s a clearer picture in NZ though, where a much softer Quarterly Survey of Business Opinion has been taken as another indicator that the RBNZ’s job is done. Today, as America returns to work, we get the FOMC minutes and the Caixin services PMI for China. Hosted on Acast. See acast.com/privacy for more information.
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RBA wait and see
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