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 · Oil higher as ceasefire breaks · 4 May 2026 podcast

Overnight, you know, we do see um a a sort of quite short lived but, you know, reasonably large uh spike lower in in that FX cross um that was very short lived and it sort of came back. matched

So I guess prompting speculation that, you know, maybe the Ministry of Finance was involved again. matched

Although we did see the finance minister yesterday sort of declining to comment on whether or not uh matched

They had intervened in FX markets and he sort of preferred to say that markets had seen speculative trading. matched

So read into that what you what you will. matched

But yes, I think that very sort of sharp decline in the cross overnight maybe fuelling a bit more speculation that the Ministry of Finance was once again involved in FX markets. matched

Well, we're waiting to see whether that's the case. matched

But yes, we are looking for a hike this afternoon, uh, taking the cash rate to four thirty-five percent. matched

So that that's basically, you know, back to where we were at the beginning of twenty twenty five. matched

So if they go today, they will have, you know, basically undone the three rate cuts they did last year. matched

Um, and you know, like every other central bank, it's a pretty challenging situation because you've got inflation moving in the wrong direction, you've got growth moving in the wrong direction. matched

wrong direction. matched

So you're faced into two-sided risks, as as John Williams said overnight. matched

And as we as we know, that sort of means that whatever path you choose, that's it's not going to be a risk-free path. matched

And so central banks are sort of faced with this un unenviable decision where every time they sit down to decide to do something on rates, they've got to basically choose what matched

one of their mandates over the other. matched

So we've got to choose inflation over growth or the other way around. matched

And and today I think, you know, you know, the RBA will probably uh go the way of choosing inflation and electing to lift rates. matched

Probably won't be a unanimous decision, as you mentioned. matched

Um, but I do think, you know, one thing that does set matched

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