Market WATCh Weekly 20 May 2022

Market WATCh Weekly 20 May 2022

May 20, 2022

At home, RBA Board minutes showed a 40bps cash rate hike was considered at the May meeting. Employment rose to another record high in April, while the unemployment rate fell to the lowest level since the mid-1970s. Wage growth remained sluggish in Q1. The ANZ consumer sentiment index declined last week, as inflation expectations rebounded. Abroad, US industrial production and retail sales saw further solid increases in April. The Chinese activity data was weaker than expected, with retail sales and industrial production falling the most since early 2020.

Download PDF