RBNZ is done with hikes, Aussie retail will bounce back today
Australian retail will show a January bounce back, says NAB’s Ken Crompton. More than many expect. And a strong response to the RBNZ’s non-move yesterday.
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
Thursday 29th February 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Markets responded sharply to the RBNZ hold decision yesterday, even though it was largely expected. The tone from the press conference that followed left most assuming there would be no more hikes, even if it’ll take a while for rates to come down. NaAB's Ken Crompton talks through how the markets reacted. He also suggests an above-consensus bounce back in Australian retail numbers today. US core PCE – the Fed’s preferred inflation measure – is also expected to lift a little, whilst US GDP was revised down ever so slightly. And happy leap day!
Hosted on Acast. See acast.com/privacy for more information.