Quietly confident, for now
Banking fears have fallen away and the focus is back on central banks. NAB’s Ray Attrill is asked how far will they go now and why is the market at odds with them?
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 28th March 2023
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Banking fears have subsided somewhat overnight, with a buyer found for Silicon Valley Bank and less concern, for whatever reason, over Deutsche Bank. Hence, equities have risen and so have bond yields, as focus returns on how far central banks will go. Quite a bit further if you listen to the likes of Isabel Schnabel at the ECB or Andrew Bailey at the BoE. But markets are still pricing in cuts later this year. NAB's Ray Attrill talks through why the discrepancy between central banks and markets and makes a bold prediction on what the RBA will do next week. Today’s retail numbers and inflation later in the week could still influence the outcome, of course.
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