17 min
BoE talks cuts, soonish. Market unphased. NAB Morning Call
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- Business News
Friday 10th May 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
There wasn’t much market reaction as the Bank of England kept rates on hold but said what many already knew, that they will have to cut rates in the coming months. The ECB seems wedded to the idea of a June cut, with the accounts of their last meeting out today, but there is some speculation about how quickly they will follow through. Canada’s unemployment is expected to tick higher, adding pressure for a rate cut there although, as NAB’s Rodrigo Catril points out, it’s wage inflation that really counts. The UK is expected to see GDP return to positive territory today, and China’s PPI and CPI numbers are out over the weekend.
Hosted on Acast. See acast.com/privacy for more information.
Friday 10th May 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
There wasn’t much market reaction as the Bank of England kept rates on hold but said what many already knew, that they will have to cut rates in the coming months. The ECB seems wedded to the idea of a June cut, with the accounts of their last meeting out today, but there is some speculation about how quickly they will follow through. Canada’s unemployment is expected to tick higher, adding pressure for a rate cut there although, as NAB’s Rodrigo Catril points out, it’s wage inflation that really counts. The UK is expected to see GDP return to positive territory today, and China’s PPI and CPI numbers are out over the weekend.
Hosted on Acast. See acast.com/privacy for more information.
17 min