5 in 5 with ANZ ANZ

The US Fed Chair shrugs off stronger US producer prices ahead of CPI data tonight. Power rebates & tax cuts turn Australian budget surpluses into deficits, but also cut inflation. New Zealand’s property market continues to struggle.
In our bonus deep dive interview, ANZ Head of G3 Economics Brian Martin explains why monetary policies of the world’s major central banks are diverging.

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Markets are holding tight ahead of US price data. Australian business condition fall is ok for the RBA. India’s food prices rise, but inflation close to forecast. There was good and bad news on New Zealand’s inflation front.
In our bonus deep dive interview, ANZ Chief Economist for Greater China Raymond Yeung says the Chinese Politburo’s recent shift on property policy shows authorities are facing up to the reality of high inventories and low demand. 

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Global stocks start the week near record highs, with all eyes on US inflation figures for confirmation the Fed can ease this year. China’s economy is showing early signs of recovery. New Zealand manufacturing is still contracting, but at a slower rate
In our bonus deep dive interview, ANZ Australia Head of Economics Adam Boyton previews the Australian Federal Budget due at 7.30pm Canberra time on Tuesday. 

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The Bank of England holds and says it will cut rates within a month or two. Malaysia’s central bank is more upbeat about growth as it holds. China’s exports rebound, and in the Philippines, soft consumer spending drags on GDP growth.
In our bonus deep dive interview, ANZ New Zealand Senior Economist Miles Workman looks at the uncertainties shrouding New Zealand’s housing market right now, and how developments in Auckland might affect the rest of the country. 

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The Boston Fed President says rates are likely to be held for longer. The Bank of Japan’s governor says big yen moves are undesirable. Taiwan’s exports are weaker than expected. The Bank of England is expected to hold rates tonight.
In our bonus deep dive interview, ANZ Chief Economist for Southeast Asia and India Sanjay Mathur recalibrates when Asian central banks might be able to cut, given changing expectations about when and how much the Fed cuts. 

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US rate cut optimism is growing with soft US labour market data. The RBA was less hawkish than expected, but won’t rule anything in or out. Australian consumers are really feeling the pinch. Inflation stays on target in Taiwan and the Philippines.
In our bonus deep dive interview, ANZ Senior Commodities Strategist Daniel Hynes says stronger-than-expected Chinese economic data is underpinning global commodity prices. 

Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/