RBA will hike next week
Thursday 28th April 2022Australian inflation rose more than expected yesterday. NAB\u2019s Ivan Colhoun said it didn\u2019t come as a complete surprise. NAB\u2019s Business Survey has been showing rising input costs, and its likely inflation will rise till further in the next quarter. All that points to a high likelihood that the RBA will lift interest rates next week. Elsewhere, markets have had a temporary does of optimism, although NAB\u2019s Rodrigo Catril says a resolution has to be found for Europe\u2019s energy problems. There just aren\u2019t enough global supplies to completely cut out Russia. US GDP and German CPI are two significant data releases today, along with the business activity outlook for New Zealand.
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