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Weekly Economic Perspectives: RBA Policy Stance has Changed Considerably Over Time


Chief Economist
Investment Strategist

The Economy

  • A nasty inflation report in the US.
  • New record low for Canada’s unemployment rate.
  • Sharp deceleration in UK services sector.
  • The ECB tees up a July hike and more thereafter.
  • Subsidies ease PPI inflation in Japan.
  • The RBA surprises with larger hike.

Spotlight On Next Week

  • The Fed poised to deliver well-telegraphed 50-bp hike.
  • The BoE to hike 25 bp.
  • No hike from the BoJ.

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