Westpac Australia & NZ Weekly

Elliot Clarke

Westpac

With all of the major banks now having raised rates, Chief Economist Bill Evans assesses the implications for the RBA ahead of next week's November policy meeting. In the week to come, the Q3 Australian CPI will be the focus. We expect a 0.8% headline outcome for the quarter, but that will still leave annual inflation at just 1.9%. Core inflation is expected to print at a benign 0.5% in Q3, and 2.4%yr. In China, the Westpac-MNI Chinese Consumer Sentiment survey will be released. Meanwhile, in the US, expect the tone of the FOMC October meeting statement to be in line with that of September. Q3 GDP is expected to be materially weaker than Q2; our expectation and that of the market is 1.7% annualised. (VIEW LINK)


Elliot Clarke
Elliot Clarke
Senior Economist
Westpac

An Economist based in Sydney Australia with a particular interest in macro-financial analysis of the Australian and global economy. Having spent a number of years with the Reserve Bank of Australia and Westpac Economics, monetary policy, the...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.