Sally Auld

Sally Auld, NAB's markets economist, dives into the optimistic economic landscape of Australia and New Zealand. She highlights unexpected gains in NZ's retail sales and strong business confidence following RBNZ easing. Auld also discusses Australia's robust private capital expenditure, reminiscent of the mining boom, and how this impacts interest rate expectations. Additionally, she examines the puzzling behavior of the Aussie dollar and touches on new lending regulations from APRA, painting a comprehensive picture of current market dynamics.

Join Sally Auld, NAB Markets economist, as she dissects the booming Australian housing market with rising prices and increased dwelling approvals. She explains how RBA policy doesn't target house prices directly but acknowledges that wealth effects influence consumer behavior. The conversation also dives into the latest US manufacturing numbers, highlighting a two-speed economy, tariff impacts on smaller firms, and insights into China’s export struggles. Auld offers a glimpse into NAB's forecasts and the RBA’s cautious approach ahead.

In this discussion, Sally Auld, NAB’s Chief Economist in waiting, shares her insights on market trends amidst a backdrop of geopolitical tensions. She highlights a rise in U.S. equities, despite soft economic indicators like the Dallas Fed Manufacturing Survey. Auld also delves into the implications of Germany's increased defense spending and Europe’s evolving stance on Ukraine. Additionally, she points to New Zealand's impressive retail sales as a sign of economic recovery, suggesting a cautious optimism for the markets ahead.

Sally Auld, a markets economist and strategist at NAB, shares her insights on the latest Federal Reserve rate cut and the implications of dissenting opinions within the committee. She discusses the cautious language used by the Fed and the potential end to easing cycles for major global central banks. There’s also talk about Canada’s steady rates, Europe’s improving growth forecasts, and what Australia’s employment data might mean for future RBA decisions. Auld's keen analysis offers a fascinating peek into the complex world of economic policymaking.

Sally Auld, a Senior NAB economist, dives into Australia's unique economic navigation post-inflation. She contrasts Australia’s gentle approach with New Zealand's harsher tactics, emphasizing how the RBA's cautious rate rises preserved jobs. Sally warns that limited spare capacity poses risks if growth accelerates too quickly, potentially igniting inflation. She discusses key indicators the RBA monitors and considers two scenarios for 2026, leaving listeners pondering the delicate balance of maintaining stability without tipping into inflation.