Key insights from the week that was. This week’s data was broadly supportive of confidence, with the risks around inflation and therefore the policy outlook thought to have improved into the new year. Beginning in Australia, the Westpac-MI Consumer Sentiment survey reported another improvement in confidence, the headline index up 5.0% in January to be up 8.1% […]
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RBA hikes cash rate to 4.1% in a 5:4 vote. Perceived capacity pressures and inflationary impacts of the Middle East conflict were key concerns. As was widely expected, the RBA Monetary Policy Board (MPB) raised Read more…
The early spike in oil prices faded throughout yesterday’s trading session, pulling both US and Brent crude below the $100pb mark on news that a few tankers could transit through the Strait of Hormuz. There Read more…
In focus today Focus remains on tensions in the Middle East and its impact on energy markets. In Germany, we will receive the ZEW survey data for March. Recent months have shown an improvement in Read more…