The Bank That Stops Inflation, eventually
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Tuesday 1st November 2022
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Today is the day of the race that stops the nation, but before the champagne flows there\\u2019s an RBA meeting to get through. NAB\\u2019s Tapas Strickland says the odds are on a 25bp hike today, but the board will be considering last week\\u2019s inflation surprise and yesterday\\u2019s retail numbers. So there\\u2019s an outside chance they will go higher. The FOMC meets later this week, and tonight\\u2019s JOLTs job openings numbers will be given some consideration. It\\u2019s a while till the next ECB meeting, but an inflation shock justifies last week\\u2019s 75 basis point hike and could justify a third such rise next time. And a soggy track \\u2013 good news for a British horse this afternoon?
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