The rate that slows the nation
It's hard to pick a Melbourne Cup winner, but NAB’s Taylor Nugent suggests a rate hike by the RBA is a firm favourite. https://podfollow.com/nab-morning-call
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
Tuesday 7th November 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
NAB still firmly expects the RBA to lift interest rates today. As Talor Nugent observes, in a Bloomberg survey, 29 of 32 economists are expecting a hike. It’s a safer punt than anything on the Melbourne Cup today, although markets are still pricing a 30% chance that the RBA will keep rates on hold. We also get a sneak peak at the RBA’s forecasts today, with the detail provided in Friday’s Monetary Policy Statement. Meanwhile, markets have turned a little, after last week’s bond and equity rally, built on the growing belief that the Fed will drop rates starting mid-2024. Elsewhere, the BoJ Governor has reiterated a lift in rates this year is very unlikely – hardly a surprise given its November – and Robert Holzmann has said the ECB could still raise rates, if necessary.
Hosted on Acast. See acast.com/privacy for more information.