Wednesday 20th August July 2025
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NAB’s Ray Attrill says the RBNZ is expected to cut rates today, even as an upswing inflation is expected in their revised forecasts. One central bank that might not cut at all for the remainder of the year is the Bank of England, with fresh CPI data out later expected to support that case. US equities took a hit, driven by tech stocks. NVIIDA lost ground, in part because their hopes of shipping a new chip to China has been stalled by Scott Bessent’s comments that any new products will need to apply for a licence. President Trump’s decree that goods can be shipped to China as long as the government gets a 15%cut, that deal obviously has conditions attached.
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