Monday 15th June 2026
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NAB’s Sally Auld joins Phil to discuss a week where markets are responding to the shifting realities of a proposed U.S.-Iran peace deal. Deep optimism over a potential memorandum of understanding opening the Strait of Hormuz toll-free pushed Brent crude down to $87.30 a barrel and led to sharp gains across European equities. Looking ahead to a massive week of central bank decisions—including the Fed, Bank of England, and a highly anticipated Bank of Japan hike—the focus turns to the RBA's upcoming statement. Sally expects the board to maintain its steady path while striking a balanced tone; the RBA will likely acknowledge cooling domestic activity via soft housing metrics and dropping capacity utilization rates, yet remain anxious over sticky inflation pipelines, leaving the truly consequential policy and forecast revisions till their August meeting.
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