Sally Auld

speaker

5,823 appearances 57 recordings 1 series first heard Sep 2024 last heard 17 Aug

Sally Auld’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 28 in all, peaking in Aug 2026 with 3.

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NAB Morning Call · A few hours away · 14 Jun 2026 podcast

expected to leave rates on hold. matched

And I think the statement will be interesting. matched

It will acknowledge, I think, some softer outcomes in activity data. matched

So, you know, for example, the NAB Business Survey, the measure of capacity utilization has come off quite a bit in the last couple of months. matched

And I think it'll probably also acknowledge some of the weaker outcomes we've seen in the housing market. matched

So housing was starting to soften even before the federal budget, but that does seem to have accelerated somewhat matched

In the past month or so. matched

So, you know, a few things have shifted on the activity front, but, and it's a pretty big but, you know, I think the statement's going to also reflect some ongoing anxiety around the inflation outlook, because we're sort of still sitting here under a pretty big cloud of uncertainty around inflation. matched

I guess, the breadth and the speed at which some of the cost increases that we know businesses have faced into in the last couple of months and the extent to which they get passed into final prices. matched

So it could be a reasonably balanced statement. matched

And I don't think markets will react too strongly to that. matched

Then, of course, we've got the press conference. matched

But in their next meeting in August, that will be when they sit down to rethink matched

you know, the forecasts. matched

And I suspect that might be a more consequential meeting in terms of market expectations than the one we'll see tomorrow. matched

so you know maybe some evidence of the middle east conflict um on on consumption but generally speaking you know the market oh you know the consensus of expectations tends to look matched

He's looking for around growth of about 1% annualised for the quarter, which is a little bit stronger than what the Bank of England had assumed in most of its scenarios, I think, in April. matched

So the actual number for May wasn't great, but it was in line with expectations, so no real surprises there. matched

But like you said, you know, maybe growth is looking a touch stronger than the Bank of England expected. matched

So it's quite a tricky one for them in the sense that they've got, you know, clear evidence of forward looking inflation pressures. matched

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