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Is an RBA hike an emerging possibility?

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Manage episode 417011371 series 1400104
Content provided by NAB - The Morning Call and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NAB - The Morning Call and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Wednesday 8th May 2024


NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB


NAB is still expecting that the RBA’s next move will be a cut in November, because yesterday’s meeting did raise the possibility of a rate hike if inflation remains too persistent. NAB’s Skye Masters says the market reaction was tame because none of this came as a surprise. We’ve known that inflation was taking time to come down, and the revisions to the RBA’s inflation forecasts yesterday simply reaffirmed that belief. Neel Kashkari from the Minneapolis Fed also spoke of the possibility of a hike if inflation and jobs remained strong. In Europe it’s a different story and there’s a real possibility that the Riksbank will cut rates today.



Hosted on Acast. See acast.com/privacy for more information.

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1141 episodes

Artwork
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Manage episode 417011371 series 1400104
Content provided by NAB - The Morning Call and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NAB - The Morning Call and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Wednesday 8th May 2024


NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB


NAB is still expecting that the RBA’s next move will be a cut in November, because yesterday’s meeting did raise the possibility of a rate hike if inflation remains too persistent. NAB’s Skye Masters says the market reaction was tame because none of this came as a surprise. We’ve known that inflation was taking time to come down, and the revisions to the RBA’s inflation forecasts yesterday simply reaffirmed that belief. Neel Kashkari from the Minneapolis Fed also spoke of the possibility of a hike if inflation and jobs remained strong. In Europe it’s a different story and there’s a real possibility that the Riksbank will cut rates today.



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

1141 episodes

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