Monday: RBA seen unlikely to cut until late 2024

The RBA issued a monetary policy statement with a hawkish tinge on Friday, meaning a hike is more likely than a cut any time soon, says ANZ economists. In part two of our bonus deep-dive interview, ANZ’s Head of Economics for Australia Adam Boyton explains why the NAIRU (Non-Accelerating Inflation Rate of Unemployment) is still falling, despite Covid’s supply shocks. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/