Australia passing through a possible turning point
For further details, please see The Forward View Australia (March) 2023
NAB’s Group Economics consists of a leading team of economists who provide accurate, timely and relevant updates on domestic, international and industrial economic trends.
Headed up by the Group Chief Economist, Alan Oster, the team is comprised of three distinct departments:
– Australian economics and commodities
– International economics
– Industry economics
The team publish a wealth of content including reports, surveys, forecasts and indexes.
NAB’s World on Two Pages – March 2023
Insights and articles important to the
super fund community.
Find out how NAB contributes to building
socially and economically strong communities.
Get the latest updates and outlook for
issuers and investors.
After a positive start, US equities struggled for direction amid lingering banking stability concerns. Front end tenors have led a decline in UST yields with similar price action seen in European curves. BoE, SNB and Norges Bank deliver on expected rate hikes. AUD gives back earlier gains as equities struggle.
Our global forecasts are little changed this month. Also, our outlook for the Australian economy is broadly unchanged.
The FOMC hiked rates by 25bps to 4.75-5.00%, continued QT, and kept the existing dot plot which pencils in one further hike to 5.00-5.25%. Market reaction was dovish, but was not risk on.
Bounce in Q1 2023; but bank stress highlights weaker outlook
© National Australia Bank Limited. ABN 12 004 044 937 AFSL and Australian Credit Licence 230686. Disclaimer page.
To request the 2019 NAB Superannuation FX Hedging Survey full report, please complete the following details and one of our FX specialists will contact you.
A NAB FX specialist will contact you shortly.