Friday 18th March 2022
After a very hawkish Fed yesterday, the Bank of England has presented a much more guarded approach for the rest of the year, whilst delivering the third interest rate in a row. NAB’s Gavib Friend talks about why the central bank has a reluctance to signal too much right now. Meanwhile, are markets concerned that the Fed is moving too fast? There’s discussion about Aussie unemployment numbers too and what the strong numbers mean for the RBA. The Bank of Japan is the next central bank, but inflation driven by a tight labour market is much less of a concern for them. Oil prices are rising as hopes of a rapid end to the war dissipate but there are still irons in the fire., including talks between President Xi and President Biden.