RBNZ takes large mallet from the toolkit
There was nothing subtle about the RBNZ decision yesterday. NAB’s David de Garis looks at what it signals, and examines softer economic data form the US ahead of payrolls data on Friday.
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Show Notes
Thursday 6th April 2023
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There wasn’t anything subtle about the RBNZ rate move yesterday, so why the sharp contrast with the action – or lack of it- taken by the RBA this week. NAB’s David de Garis looks at potential reasons, and helps to dissect Philip Lowe’s Press Club lunch speech yesterday. Also, more soft data from the US and further signs that non-farm payrolls on Friday could show a move south, easing pressure on the Fed.
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