US inflation cools more than we dared hope
NAB Morning Call
00:00
The RBA's Q2CPI Board Meeting
The RBA will need to do two more hikes in order to reduce the risk of getting inflation back to 33% by mid 2025. In Q&A, Dr. Lowe did say he had a completely open mind in regards to whether the RBA had to do more,. And he also said he was confident that higher rates were working. The Bank of Canada lifted rates by 25 basis points, which was expected. But if you listen to Tif Maklam, there's a suggestion they may well have held this time.
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