Earlier post here, what's expected and previews etc:
A little more via NAB this morning. This in the context of the Reserve Bank of Australia have stated they want to assess wages and GDP data ahead (Wage Price Index data - WPI - is on 18 May and GDP is on 1 June) which seems to indicate a June rate hike at the earliest. But, says NAB:
- Though the bar appears high, a stellar core CPI print still has the potential to bring forward the first-rate hike to May. We think a core trimmed mean print of around 1.5% q/q that is sufficiently broad-based would be enough to see the RBA feel compelled to move in May.
RBA meetings ahead:
- 3rd May
- 7th June
Lift off coming up:
