The Weekend Edition: Its tough at the top of the mountain
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Friday 15th September 2023
Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.
The BoE\\u2019s Huw Pill recently likened the path of interest rates to Table Mountain, as he gazed out the window of a conference in Jo\\u2019burg. The FT\\u2019s Markets Editor Katie Martin says markets have finally accepted the high for longer mantra from central banks, but says it\\u2019s not been an easy time for analysts in financial markets, particularly those who had been telling clients to prepare for the US recession that never came. Does that mean it won\\u2019t come? And if it doesn\\u2019t, what\\u2019s the impact of prolonged strength in the US dollar which could add to inflation pressures elsewhere? Then there\\u2019s the question of politics. Will interest rates start to come down \\u2013 like they have in Poland \\u2013 because of political pressures. The Morning Call\\u2019s Phil Dobbie talks to Katie about the unchartered waters that lie below the smooth surface of central banks\\u2019 Table Mountain trajectory.
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