FOMC on hold, Brexit unknown, Italy in trouble

Friday 9th November 2018

The FOMC has, as expected, kept interest rates on hold. Phil Dobbie talks to NAB’s David de Garis just after the announcement. They also look at trade numbers from China and Germany, and what Mario Draghi has been saying to the Irish parliament. Meanwhile Italy and the EU seem to be at loggerheads on budget numbers, and the UK’s Brexit secretary appears a little uninformed, as one cabinet minister breaks ranks on Theresa May’s plan. Plus, what to expect from the RBA statement on monetary policy this morning.

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