Friday 11th May 2018

It’s been a bumpy day for oil one day on from President Trump’s withdrawal from the Iran Deal. But as NAB’s Gavin Friend explains, it’s today’s weaker than expected US CPI data that has had the most influence, driving down Treasury yields and giving a boost to share prices. Phil Dobbie also asks Gavin why the pound fell when the Bank of England did exactly what was expected – keeping interest rates on hold. They also discuss Adrian Orr’s statement at the RBNZ yesterday.