Bullock’s hawkishness. Will one rise be enough?
Thursday 23rd November 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABAustralian inflation is now driven by local factors. That’s what the RBA’s Michelle Bullock said at the Australian Business Economists dinner last night. JBWere’s Sally Auld says it doesn’t sound like a central bank that’s done with interest rate hikes, and points to how we are sitting 100 basis points below our economic peers. So can we really expect to get away with just one more rate hike? Meanwhile softer data from the US, mixed, curiously, with rising inflation…
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