Tuesday 15th February 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9The rhetoric is still that Russia is on the brink of war with Ukraine, although, as NAB’s Ray Attrill points out, markets took some comfort from a television event that saw Putin saying he supported continued diplomat efforts with the west, but have since repsnded to military movements that suggest something is about to happen. For a while, the talk of more talks allowed a little more focus to return to central banks, with the Fed’s James Bullard again calling for a front loading of hikes because the policy is out of sync with the economy. Today, with inflation still on the rise just about everywhere, including New Zealand, US producer prices will be watched keenly later today, along with UK wages.

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