MPS preview: demand destruction and the 90,000 sales revision
About this episode
The episode previews the upcoming Monetary Policy Statement and discusses economic signals indicating demand destruction.
Send us a question/idea/opinion direct via text message! With the Reserve Bank's Monetary Policy Statement (MPS) landing this Wednesday, the economic data is sending an interesting signal. April's electronic card transactions were 1.3% month-on-month—with fuel spending down 2% despite rising prices. It’s decent evidence that "demand destruction" is actively under way as households fundamentally shift their behaviour. This week, Nick Goodall and Kelvin Davidson preview the upcoming OCR decisio...
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