Scotiabank's McCully on Australia's Inflation Outlook

The video discusses the current inflation trends, particularly in Australia, and their implications for economic policy. It highlights the resilience of the Australian economy, driven by pent-up demand and robust exports, while also considering the impact of China's economic slowdown. The Reserve Bank of Australia's potential interest rate hikes are analyzed, with a focus on labor market data and upcoming elections. Wage inflation is expected to rise due to full employment, and the Australian dollar's volatility is linked to external factors like China's economy and US monetary policy.

What factors are contributing to the inflationary pressures in Australia?

How does the Reserve Bank of Australia plan to respond to the current inflation data?

What impact does the slowdown in China have on the Australian economy?

What are the expectations for wage inflation in Australia by mid-year?

How is the Australian dollar being affected by current economic conditions?