5 in 5 with ANZ

Solid US inflation means the Federal Reserve could pause rate cuts in December. The Reserve Bank of New Zealand cuts 50 basis points, with questions arising over its next move, and underlying inflation ticks up in Australia. In our bonus deep dive interview, after yesterday’s RBNZ decision, ANZ New Zealand Chief Economist Sharon Zollner sums up the state of play for Kiwi interest rates, with the next RBNZ move not happening until February. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Markets wobble after Trump threatens 25% tariffs on imports from Mexico and Canada, which forced the Aussie and Kiwi dollars down to near one-year lows. The RBNZ is expected to cut by 50 bps and the RBA is watching for disinflation progress. In our bonus deep dive interview, ahead of today’s RBNZ decision, ANZ Senior Economist Miles Workman analyses last week’s growth warning from the New Zealand Treasury. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US markets bounce on hedge fund manager Scott Bessent’s selection as Treasury secretary, easing deficit and tariff fears. Singapore’s inflation is dragged down by a strong currency, and a fall in New Zealand Q3 retail sales should mark the bottom of the current recession. In our bonus deep dive interview, ANZ’s Chief Economist for Southeast Asia and India Sanjay Mathur looks at why the Phillipines’s current account deficit has risen sharply since April, and explores the wider implications. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Global stocks rise again after strong US business activity surveys. This week’s focus is on the Fed’s minutes and US inflation data, along with Australian inflation figures and a rates decision from the Reserve Bank of New Zealand. In our bonus deep dive interview, ANZ Australia Economist Maddy Dunk highlights a counterintuitive move in housing affordability in one state capital. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil rises on an escalating conflict in Ukraine. US jobs and business confidence data is mixed. Australian housing affordability worsens again and New Zealand’s Treasury warns growth will be weaker than its May forecast and widen the budget deficit. In our bonus deep dive interview, ANZ Commodity Strategist Soni Kumari explains why ANZ Research thinks gold will continue to attract demand despite recent price drops. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/