The path for the RBA is not clear cut, and economists have noted the strong tension between employment and economic growth in the minutes from the March meeting.
After a remarkably strong first 2-months of 2019 (with the US & NZX markets near all-time highs & the ASX at a 6-month high) there has been an unwind and return of risk-off sentiment over the past week.
Shares in A2 Milk jumped +10% yesterday to new highs after delivering another impressive first half result – contrary to some commentators who expressed concerns prior to the result.
There have been growing views that there will be interest rate cuts by the Reserve Bank’s across both sides of the Tasman. Yesterday, Reserve Bank of NZ governor Adrian Orr’s latest monetary policy statement was on the dovish side, but not as dovish as
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