ENZL - Antipodean Central Banks Hint At Easing
2024-04-17 10:00:00 ET
Summary
- At their recent meetings, the Reserve Bank of Australia and the Reserve Bank of New Zealand signaled that monetary policy easing is approaching.
- Monetary policy for the two countries remains restrictive, as shown by aggregate demand, which has weakened significantly.
- Despite higher labor costs and weakening GDP growth, employment remained quite strong in both countries until the second half of 2023, likely due in part to higher-than-expected immigration and strong demand for services.
By Karol Sindera
At their recent meetings, the Reserve Bank of Australia and the Reserve Bank of New Zealand signaled that monetary policy easing is approaching. ...
Antipodean Central Banks Hint At Easing