Guilty as charged
NAB expected a rate rise yesterday, but the RBA didn’t deliver. Rodrigo Catril explains why. But a rate hike is very likely from the RBNZ today. Meanwhile yields lower on softer US data overnight.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Wednesday 5th April 2023
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We’re not afraid to admit we got it wrong on the RBA, who kept rates on hold yesterday. Unlike a certain US President we are prepared to plead guilty as charged. NAB’s Rodrigo Catril explains why the bank didn’t move and looks ahead to the next meeting and beyond. Meanwhile, we’re confident the RBNZ will lift rates today. Also today, further signs of softening in the US, including a fall in job openings, with more US employment data out later tonight.
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