15 min
Australia’s inflationary shock and what it changes NAB Morning Call
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- Business News
Thursday 27th June 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Yesterday’s inflation number for Australia was a big surprise, pushing up yields, particularly at the front end, and pushing back expectations for cuts by the RBA. Some commentators – not NAB – are arguing this reinforces the case for a rate rise. But NAB’s Ken Crompton says travel was a largely responsible for the rise. He also talks about speculation from the RBA’s Chris Kent about the neutral rate, being somewhat higher than many might have expected. This morning’s other big story is the fall in the Yen to a 38 year low, and the response from China.
Hosted on Acast. See acast.com/privacy for more information.
Thursday 27th June 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Yesterday’s inflation number for Australia was a big surprise, pushing up yields, particularly at the front end, and pushing back expectations for cuts by the RBA. Some commentators – not NAB – are arguing this reinforces the case for a rate rise. But NAB’s Ken Crompton says travel was a largely responsible for the rise. He also talks about speculation from the RBA’s Chris Kent about the neutral rate, being somewhat higher than many might have expected. This morning’s other big story is the fall in the Yen to a 38 year low, and the response from China.
Hosted on Acast. See acast.com/privacy for more information.
15 min