Wednesday: Budget leaves RBA track unchanged

The US Fed Chair shrugs off stronger US producer prices ahead of CPI data tonight. Power rebates & tax cuts turn Australian budget surpluses into deficits, but also cut inflation. New Zealand’s property market continues to struggle. In our bonus deep dive interview, ANZ Head of G3 Economics Brian Martin explains why monetary policies of the world’s major central banks are diverging. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/