Refusing to back down
Thursday 27th August 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABWherever you look inflation is not coming down as quickly as hoped or expected. NAB’s Sally Auld identifies why yesterday’s Australian CPI numbers were such a surprise, and why it’s heightened expectations for a rate hike. That’s pushed front end yields higher, which has boosted the Aussie dollar, even against a rising US dollar. The RBA may not be alone. US Core PCE numbers showed inflation is persistent there too, and the ECB’s Isabel Schnabel was sounding particularly…
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