Green Light, Yellow Light, Red Light

Macro Minutes

Two G7 central banks have already cut – the ECB & BoC . Both should cut more as the year progresses while the BoE and Fed are likely to join the rate-cutting party later this year. At the other end of the spectrum is the RBA which is widely expected to keep the cash rate steady this year. Each country has its own nuances that will impact the timing and magnitude of policy changes, which we discuss in this podcast under the theme of green lights (i.e. what makes them move), yellow (what creates confusion or a pause), and red lights (what could stop them dead in their tracks).

Participants:

• Jason Daw (Desk Strategy), Head of North America Rates Strategy
• Izaac Brook (Desk Strategy), US Rates Strategy Analyst
• Cathal Kennedy (Desk Strategy), Senior UK Economist
• Su-Lin Ong (Research), Chief Australia Economist

Research Analyst opinions are their published views, independent of those expressed by Desk Analysts