BoE and ECB staying on top of the mountain
The FOMC is signalling cuts, but NAB’s Gavin Friend says the ECB and BoE are not so optimistic, and one European bank lifted rates yesterday.
NAB Morning Call · NAB - The Morning Call
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Friday 15th December 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Whilst the FOMC signalled the likelihood of several rate cuts next year, NAB’s Gavin Friend says the Bank of England and ECB are giving nothing away, with both saying there is more to e done to bring inflation under control. One European bank even managed to slip in a rate rise ahead of Christmas – the Norges Bank pushed rates up to 4.5%, concerned about a rebound in inflation. Markets continue to respond to the dovish FOMC meeting yesterday, even with jobless claims and retail numbers both showing surprising resilience in the US economy. There’s lots more economic data today, including the December flash PMIs for Europe, the UK and US.
Hosted on Acast. See acast.com/privacy for more information.