Data drought with no clear direction, ahead of BoE
Listen now
Description
Thursday 9th May 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB There wasn’t any tier one data overnight to give markets any clear direction. You could say there was an air of subduedness. The Riksbank cut rates, as suggested yesterday, but one ECB member is concerned that going too early, against a Fed that keeps rates on hold longer, could drive the Euro lower and add to inflation concerns. NAB’s Gavin Friend says the problem emerges after one or two cuts, alongside a Fed that’s not moving. So what’s the Bank of England’s strategy? August seems the most likely month for a cut, says Gavin, but we’ll find out more at the meeting and the press conference that follows. Hosted on Acast. See acast.com/privacy for more information.
More Episodes
Friday 14th June 2024 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. There’s been growing interest in private credit markets lately. So, what exactly is it? Phil talks to Gillian Gordon, Head of...
Published 06/14/24
Published 06/14/24
Friday 14th June 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB You might have expected that bond yields would start creeping back up again after the Fed’s hawkish ‘one dot plot’ meeting yesterday. Instead yields fell, as the latest producer...
Published 06/13/24