It wont happen overnight, but it will happen
Friday 23rd February 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Central bankers are being very elusive when it comes to the timeframe for cutting rates. The Fed\u2019s John Williams said on Friday that he believes rates will come down this year, even though markets are expecting a move in June. The ECB\u2019s Christine Lagarde says she wants more persistent evidence that inflationary pressures have dissipated, even though the German economy shank by 0.2 percent last year. And there\u2019s the outside chance that he RBNZ will lift rates this week, although that seems unlikely. Meanwhile Australian CPI and retail sales this week will be waited for with anticipation by the RBA. So, when it comes to rate cuts, it won\u2019t happen overnight, but it will happen. Trivia question: who said that?
Hosted on Acast. See acast.com/privacy for more information.