A sticky last mile for Europe
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 30th April 2024
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German inflation numbers overnight were stickier than expected, presenting a challenge for the ECB, one of the few central banks that has been talking-up the mid-term rate cuts. Phil asks NAB’s Rodrigo Catril if this puts June cut in jeopardy, or the expected follow-up cuts later in the year. Elsewhere we saw a sharp reversal in the value of the Yen. Has it been driven by intervention, or at least the anticipation of it? Australia’s retail numbers will be the focus locally today.
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