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Both the government and RBA are walking a fine line, but some budget decisions might not be as inflationary as they seem at first glance. Households in Australia are collectively doing it tough. Their cash flows are being squeezed by the high cost of living, high level of interest rates and a rising tax take. […]

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24/01/2024

NZ First Impressions: Consumers Price Index, December Quarter 2023

Consumer prices rose by 0.5% in the December quarter, leaving them up 4.7% over the past year. The December result was in line with our forecast, but below the RBNZ’s expectation. Consumers Price Index, December quarter 2023 Quarterly change: +0.5% Westpac forecast: +0.5%, RBNZ (Nov MPS): +0.8% Market median: +0.5%, range +0.3% to. +0.8% Annual […]
05/12/2023

Sunset Market Commentary

Markets US JOLTS job openings and the services ISM (both still to be published at CET 16:00) and to a lesser extent the ECB consumer expectations survey were supposed to provide some guidance as to whether recent decline in yields could finally slow down. Markets had frontloaded expectations on a first Fed and ECB rate […]
10/08/2024

Week Ahead – US CPI to Test Market Nerves, RBNZ Might Cut Rates

Market turmoil has eased, but will US CPI stir things up again? Crucial week for sterling as UK CPI, GDP and retail sales on the way The RBNZ is edging closer to a rate cut, but will it be next week? Japanese GDP, Australian jobs and Chinese data eyed too US economy worries take front […]