Tim Toohey: Sept 2023 Quarter Update

June 19, 2023
Tim Toohey: Sept 2023 Quarter Update

Despite maintaining a view that the June quarter should have marked the top of the interest cycle for most of the developed world, global central banks have continued to hike interest rates despite evidence that inflation is moderating, lending availability is tightening, and economic growth is faltering.

In an early look at his update for the Sept 2023 quarter, Tim Toohey (Head of Macro and Strategy) delves into the RBA’s confusing policy approach (including its productivity misnomer) and explains three reasons why he’s expecting a more broad-based equity market rally in 4Q23.