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Daily Alert: On top of the (test cricket) world!

  • A brilliant session for the Black Caps overnight, who won the first ICC World Test Championship final.
  • Locally, the NZD and local yields dipped after the Wellington region was put on Alert Level 2 (from 6pm Wednesday until 11.59pm on Sunday).
  • Given tightening capacity pressures and the strong inflation outlook, our CBA colleagues have changed their published view and now expect hikes in the 0.1% RBA cash rate from November 2022, with the cash rate to peak at 1.25% by Q3 2023.

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