5 in 5 with ANZ

US Treasuries sold off overnight ahead of Non-Farm Payrolls. Investors are still worried about extra Government borrowing. The Bank of England hiked and the Bank of Japan intervened again. We look ahead to the RBA’s statement on monetary policy today. In our deep dive interview, we talk with ANZ Commodities Strategist Soni Kumar about why consumers in China are stashing cash, rather than spending it, and what’s being done about it. Before accessing this podcast, please read the disclaimer at

The Australian and New Zealand dollars slid through the bottom of their recent trading ranges 66-69c range overnight. Global stocks fell 1-2% after Fitch downgraded the United States’ sovereign rating. In our deep dive interview, we talk with ANZ’s Chief Economist for Greater China Raymond Yeung about why consumers in China are stashing cash, rather than spending it, and what’s being doing about it. Before accessing this podcast, please read the disclaimer at

The Australian dollar fell more than a cent or 1.6% to 66 USc overnight after the RBA paused its cash rate for a second month in a row, surprising markets and most economists, but not ANZ’s. In our deep dive interview, we talk with ANZ’s Group Chief Economist Richard Yetsenga about why an Australian recession is now unlikely. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

ANZ’s economists see the RBA pausing the cash rate again at 4.1% today. China’s services sector was slower than expected in July as consumers hoarded cash. The Bank of Japan finally tightened policy a bit without causing market ructions. Europe’s economy appears headed for a soft landing. In our deep dive interview, we talk with ANZ’s Head of Australian Economics Adam Boyton about why the RBA can afford to hold and wait for more data, even though inflation is still 6%. Before accessing this

As we count down to the launch of 5 in 5 with ANZ next week, here’s taste of what you can expect. In this preview we hear from ANZ Group Chief Economist Richard Yetsenga, ANZ New Zealand Chief Economist Sharon Zollner and ANZ Head of Asia Research Khoon Goh about key themes shaping the global economy right now. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

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