Sneaking in another before Christmas?
NAB's Ken Crompton looks at the latest UK inflation numbers. A bit lower than expected. Enough for an extra cut before Christmas?
NAB Morning Call · NAB - The Morning Call
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Show Notes
Thursday 17th October 2024
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Inflation is slowing faster than expected in the UK. Phil asks NAB’s Ken Crompton whether this means the Bank of England could cut twice before Christmas? Markets have fully priced a cut from the ECB later today, the question is, what next and when? Australian employment numbers and US retail sales are out today, along with a further announcement on housing and debt from the China. Ken says it’s another “drip feed in the ocean of fiscal stimulus” – are markets prepared to be disappointed this time?
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