A tale of two central banks, both focused on a strong recovery
Wednesday 4th August 2021Central banks seem to be taking a very optimistic view of the rate of recovery right now. The RBA has decided it will push ahead with its tapering of asset purchases, despite the protracted Sydney lockdown. The RBNZ’s Governor Orr has as good as said that the central bank will lift interest rates next month. The direction taken by the US Fed will be dependent on jobs numbers, making the non-farm payrolls data all that more important at the end of the week. Meanwhile US equities have bounced back as investors take stock of strong corporate earnings. NAB’s Tapas…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.