Tight labour market to keep RBA on the sidelines for longer
Insight
NAB Markets discuss the recent Q2 CPI print, what is driving inflation, and what this means for the interest path ahead.
The Monthly CPI Indicator released on the 26th June rose unexpectedly from 3.6% to 4.0% which caused the market to drastically reprice the chances of a RBA hike at their next board on the 6th August. All eyes are now on the Quarterly Inflation data & the implications for the RBA the following week.
What will the Quarterly figures show? What does that mean for the for the RBA & Interest Rates? How can NAB Markets support your business in managing these risks?
Tapas Strickland, Head of Market Economics, James Sheehan, Head of Markets NSW/ACT, and Dan Farrell, State Director NSW, discuss the recent CPI print and what is driving inflation, the interest rate path in Australia, as well as the FX outlook and major drivers of the AUD.
Download a copy of the economic presentation: 20240730_Eco Presentation_Tapas Strickland_NSW Business Markets
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