Thursday 23rd May 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe UK Prime Minister stood out I the pouring rain to announce a July 4 election for the UK, months ahead of expectations. Perhaps he doesn’t think the economy will improve so he might as well go sooner. It comes on the same day as the latest UK CPI numbers, which didn’t fall as far as expected. Phil asks NAB’s Gavin Friend whether this could all push rate cuts out further. There’s a worry in some quarters that the Fed could be in the same boat, with FOMC minutes just out. In NZ Adrian Orr said the RBNZ even considered a rate hike for yesterday’s meeting. Meanwhile, NVIDIA’s latest earnings showed Hosted on Acast. See acast.com/privacy for more information.

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“What did the council decide on item 42?” — answered with the speaker and the moment.