Tapas Strickland

Tapas Strickland

“Tapas is an Economist within Global Markets Research at the National Australia Bank (NAB). ”

Tapas is Director, Economics at NAB and provides commentary and insights for our clients on the economy and financial markets including regularly kicking off the working day with key overnight updates on NAB’s Morning Call podcast. Having recently spent the past couple of years in our London office, he continues to work with NAB’s diverse range of clients, from SMEs to institutions, both in Australia and abroad. Prior to NAB, Tapas spent six years at the Reserve Bank of Australia and also worked as an economic adviser in the Department of Prime Minister and Cabinet, advising the Gillard, Rudd and Abbott governments.


The biggest news overnight is commodities, oil prices are up, which threatens to prolong the inflation narrative.

US Consumer Sentiment fell further than expected to be at its lowest level since August 2011 and with consumer confidence so low, the risk of recession is rising.

The RBA met last week and raised rates by 25bps, lifting the cash rate target to 0.35%, and signalled further hikes over coming months

The current debate in Markets is whether the Fed would be willing to let the economy slip into recession to tame inflation.

A wild ride in FX markets over the past 24 hours

In this Weekly we look at the potential impacts on theoretical borrowing capacity at different interest rates.

Global yields continued their March higher over the Easter period with the US 10yr yield hitting a fresh cycle of 2.88%, its highest since 2018.

Higher inflation is starting to impact buying conditions in the US. Will we see the same trend emerge in Australia?

Bond yields continue to climb with risk assets now coming under pressures.

The RBA clearly signalled it is contemplating lifting rates over coming months, removing language about being “patient” and pivoting the RBA to once again being forward looking.

Talk of Europe restricting Russian oil and gas has re-surfaced, driving oil prices higher

Economists outdo each other for Fed hikes with Citi calling four 50 basis point hikes back to back

The Australian Budget is set to be unveiled next Tuesday night, ahead of the federal election that must be held on or before 21 May 2022.

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