Wednesday 19th April 2023

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Freedom has turned into a shopping frenzy in China, but it’s not reflected in capex or industrial production. Phil asks NAB’s Tapas Strickland whether this retail growth will be short lived and, if not, could it be inflationary? Meanwhile, inflation remains stubborn in Canada, employment numbers rise in the UK and the RBA minutes yesterday suggest a rate rise could still be in play next week. Central banks plan to do a lot more it seems.

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