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NAB Morning Call · August 26 · 14 min

Refusing to back down

Thursday 27th August 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Wherever you look inflation is not coming down as quickly as hoped or expected. NAB’s Sally Auld identifies why yesterday’s Australian CPI numbers were such a surprise, and why it’s heightened expectations for a rate hike. That’s pushed front end yields higher, which has boosted the Aussie dollar, even against a rising US dollar. The RBA may not be alone. US Core PCE numbers showed inflation is persistent there too, and the ECB’s Isabel Schnabel was sounding particularly hawkish as well yesterday. Soon, NVIDIA earnings are out, the bellwether stock for AI. Their shares are down ahead of the close. Hosted on Acast. See acast.com/privacy for more information.

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Thursday 27th August 2026


NAB Markets Research Disclaimer 

Financial Services Guide | Information on our services - NAB


Wherever you look inflation is not coming down as quickly as hoped or expected. NAB’s Sally Auld identifies why yesterday’s Australian CPI numbers were such a surprise, and why it’s heightened expectations for a rate hike. That’s pushed front end yields higher, which has boosted the Aussie dollar, even against a rising US dollar. The RBA may not be alone. US Core PCE numbers showed inflation is persistent there too, and the ECB’s Isabel Schnabel was sounding particularly hawkish as well yesterday. Soon, NVIDIA earnings are out, the bellwether stock for AI. Their shares are down ahead of the close.

Hosted on Acast. See acast.com/privacy for more information.

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