The fall in the Aussie and the rise of the Hawks
NAB Morning Call
00:00
The Rise of Services Inflation in Australia
People are more concerned that the RBA will have to high-grade further, especially given sticky services inflation. There's been a few headlines overnight amongst a few asset managers saying they're starting to look at Aussie bonds again as a buying opportunity. If Australia does unfortunately go into a recession, then obviously there will be a situation where the RBA is going to be cutting rates. And so the circle goes on. I don't know how you quite get out of that, because that's where the stickiness is coming from. But meanwhile, while they've got high growth at 2.7%, they've got Japanese shares, massive rising shares in Japan so far this year. So,
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