Energy prices rise further, central banks more hawkish
Tuesday 12th October 2021Fuel prices are rising, with the gas crisis now pushing up oil and coal prices. On today\u2019s podcast NAB\u2019s Tapas Strickland says central banks are now worried about inflation getting \u201cpermanently embedded\u201d (Andrew Bailey\u2019s words) and are becoming more hawkish in their outlook. The latest is the Bank of England, where markets are already pricing in a 50 percent chance of a small increase as soon as next month. Bond yields continue to rise on this new attitude by central banks. Also today, does Australia need to reopen its borders to get the economy back on track? Can we fully recover without the return of a migrant workforce?
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