No surprises from RBA but BoC on a knife-edge
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Wednesday 7th December 2022
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US and European equities have taken another hit. NAB\\u2019s Ken Crompton says markets continue to respond to the strong jobs data from the US on Friday and what that means for terminal Fed rates. There were no surprises from the RBA yesterday, with NAB\\u2019s Ivan Colhoun saying the central bank is very cognisant of lags in monetary policy, so it\\u2019s too early to expect any pause in the first part of next year. It\\u2019s a different story for the Bank of Canada tonight \\u2013 who front-loaded hikes and the question is how close are they to reaching the end of their tightening cycle?
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