Wednesday: Hawkish RBA discussed hike
The RBA turns more hawkish, saying it considered a rate hike but not a cut when it met yesterday; Weak US retail sales give hope for two Fed rate cuts this year; And strong Euro services inflation sees ANZ reduce its call on ECB rate cuts in 2024. In our bonus deep dive interview, ANZ New Zealand Economist Henry Russell continues his analysis of sticky domestic inflation and how worried it might be making the Reserve Bank of New Zealand. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/