Daily Alert: RBA and markets just don’t see eye to eye
- Australian yields and the AUD spiked after yesterday’s RBA Minutes acknowledged the risks to the RBA’s inflation forecast.
- The latest GDT auction was not as strong as signalled by the futures market, but we have maintained our bullish $8.75 kgMS Fonterra milk price forecast for 2021/22.
- Australian wage data and RBNZ inflation expectations data the key data to watch over the next few days.
