Inflation continues to dominate the markets narrative, what does the pathway for Interest Rates in 2023 hold & how can NAB Markets support commercial borrowers in managing this risk?
Tapas Strickland, Head of Markets Economics NAB, James Sheehan, Head of Business Markets NSW/ACT, and Daniel Farrell State Director NSW/ACT Markets, discuss the February 2023 RBA meeting and outlook, inflation, the labour market, and potential risks ahead.
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The August employment data showed the unemployment rate ticked down to 4.2%, as widely expected, but payrolls growth has slowed and a trend rise in the unemployment rate is still intact.
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Consumer spending, according to NAB’s transaction data, went up 0.5% in both retail and total spending after being broadly flat last month.
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