New RBA structure. BOEs double digit problem.
Thursday 20th April 2022
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The UK\u2019s inflation numbers were an unwelcome surprise yesterday, with the headline rate remaining in double digits, at 10.1%. NAB\u2019s Ray Attrill says there are now expectations for three more hikes from the Bank of England, which has seen bond yields rising sharply. Other asset classes have seen very little movement, with the Fed\u2019s Beige book describing a US economy that is, at best, stagnant. The proposed new structure of the RBA will be a focus today \u2013 we discuss the proposal in today\u2019s podcast \u2013 along with NZ CPI out this morning.
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