Canada first to go lower?
Canada’s inflation data was softer than expected raising expectations for an earlier rate cut. Phil asks NAB’s Skye Masters if the BoC could be the central bank to make the move?
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
Wednesday 21st February 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Canada’s latest inflation rate came in lower than expected overnight, prompting the inevitable speculation about an earlier cut from the Bank of Canada. April perhaps? Phil asks NAB’s Skye Masters whether this means they’ll be the first major central bank to move lower, as others seem to be pushing expectations back a little. Although UK gilt yields dropped after the BoE’s Andrw Bailey said to a government hearing that market expectations for a rate cut this year are not unreasonable. Today Australia’s wage rice index is released. NAB expects it to come in line with RBA forecasts, but we’ll see.
Hosted on Acast. See acast.com/privacy for more information.