RBA late to the party
JBWere’s Sally Auld says the RBA has been caught out as inflation is taking longer to come down. So, when it comes to rate hikes, are they late to the party and the last to leave?
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 8th November 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
The RBA lifted rates, as expected, yesterday, with the possibility of another hike to come. JBWere’s Sally Auld says the central bank had always assumed it was different to others, with the flexibility of a longer runway to bring inflation down without damaging the economy. That premise is being challenged now as inflation itself is taking longer to come down, so the RBA could still be lifting rates just as other central banks start to acknowledge market expectations for rate cuts next year. So late to the party, and last to leave?
Hosted on Acast. See acast.com/privacy for more information.