NAB Business Survey offers a glimmer of hope
There was some good news in the NAB business survey yesterday, says NAB’s Rodrigo Catril. And credit conditions are tightening in the US, whilst industrial production is weaker in Europe. So what does this mean for the RBA, FOMC and ECB?
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
Tuesday 9th May 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Bond yields continued to rise yesterday and overnight as markets seem to accept a more for longer approach from central banks. NAB’s Rodrigo Catril says the Business Survey yesterday showed that there was a fall in retail prices and final product prices, suggesting, perhaps, that inflation was coming under control. In the US the Senior Loan Officers survey in the US showed that lending conditions were tightening, with am impact on business credit demand. Whilst industrial production in Germany fell further in March, driven down by the automotive sector. It’ll be interesting to see how weak data like these impacts on the attitudes of the ECB, with Lane, Vasle and Rehn all talking over the next day.
Hosted on Acast. See acast.com/privacy for more information.