5 in 5 with ANZ

Bond yields rise sharply, and then swing down in a volatile night for interest rates and currencies. Bank of Japan rate setters talk about faster hikes. And data centre investment continues to boost Australian imports. In our deep-dive interview, ANZ Economist Sophia Angala analyses how capital city house prices are faring in a slowing market. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US inflation is weaker than expected, lowering Fed rate hike bets. Australia's inflation rate dips, but remains broad. And New Zealand firms may be holding back from passing on higher fuel costs into prices. In our deep-dive interview, ANZ Senior Economist Miles Workman analyses the latest forecasts from New Zealand's Treasury, released ahead of the November 7 General Election. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The Reserve Bank of Australia hikes, with another one expected as high fuel prices feed into inflation, but the Aussie dollar falls to a two-month low. And New Zealand's Treasury lowers its bond auction plans. In our deep-dive interview, ANZ Head of Australian Economics Adam Boyton explains why the RBA may hike again. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil prices edge up, and bond yields keep rising, which shunts gold down. The Reserve Bank of Australia is expected to hike today, and New Zealand's budget deficit forecasts are forecast to fall. And Singapore's factories are going gangbusters. In our deep-dive interview, ANZ Senior Economist Miles Workman previews New Zealand's Budget Update due today before a general election on November 7. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Bond yields rise to new 24-year highs. Oil prices closed down on Saturday, but that was before Donald Trump rejected Iran's latest peace offer. And all eyes are on the yen this week ahead of key Japanese data. In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga explains why ANZ Research increased its official cash rate calls for a range of central banks last week. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil prices and US bond yields rise again. Australia's labour market continues to gradually weaken. And ANZ Research upgrades its New Zealand farmgate milk price forecast because of higher oil prices. In our deep-dive interview, ANZ Economist Dhiraj Nim explains how expectations for higher oil prices have led ANZ Research to change its Reserve Bank of India rate call to three hikes at its next three meetings. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Donald Trump supports a US diesel export ban. US Treasury yields surge after a weak bond sale, and after another oil price spike and strong growth data fires up Fed hike expectations. The RBA will focus on Australian jobs data today. In our deep-dive interview, ANZ Economist Bansi Madhavani explains why ANZ Research expects the Bank of England (BOE) is set to hike rates. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil prices drop on hopes the Strait of Hormuz and a Saudi pipeline will open, but the energy price spike is hitting inflation. Australian consumers are gloomier, and the RBNZ warns of higher inflation. In our deep-dive interview, ANZ Commodities Strategist Soni Kumari explains why ANZ Research is expecting persistently higher oil prices. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil prices fall on hopes for a peace deal in the Middle East. ANZ Research changes its cash rate forecasts for the Reserve Bank of Australia, the Reserve Bank of New Zealand and the Bank of England to see more hikes, while China stays on hold. In our deep-dive interview, ANZ's New Zealand Chief Economist Sharon Zollner, explains why she thinks the RBNZ needs to hike three more times, rather than once. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The Bank of Japan hikes, but with a dovish split vote. There's some good inflation news for the Reserve Bank of New Zealand. And the Bank of England extends its bond buy-back programme, which helps lower UK Government borrowing costs. In our deep-dive interview, ANZ's Head of Asia Research Khoon Goh details why Asian currencies have done better than expected in recent weeks, despite a cocktail of higher Fed rates and high oil prices. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The Bank of England holds overnight, as expected. The Bank of Japan is expected to follow the Fed and hike today. And New Zealand's economy holds on to growth, despite the oil price shock, as a few green shoots poke through. In our deep-dive interview, ANZ Commodities Strategist Soni Kumari analyses how a supply squeeze in copper markets is driving prices. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The Fed hikes US interest rates in a unanimous vote and signals more to come. Higher oil prices are set to slow New Zealand's economic growth in data due today. And Japan's exports stay strong, but with a surge in imports as energy prices jump. In our deep-dive interview, ANZ Group CEO Nuno Matos looks over the horizon at how Australia's economy can grow with Asia's as the region continues to be the engine of global growth. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil prices and US bond yields rise again on more news of oil supply restrictions in the Middle East. Signs of stagflation emerge in China. Australian consumer confidence improves. And New Zealand's housing market weakens again in August. In our deep-dive interview, ANZ Group CEO Nuno Matos reflects on how geopolitics, and the global economy, are changing. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil hits US$109/barrel and the US 10 year yield briefly tops 5% after the key Yanbu pipeline is blown up. ANZ Research changes its view on the Fed to a hike this week from a hold. And India's inflation rate rises. In our deep-dive interview, ANZ's Chief Economist for Greater China, Raymond Yeung, explains how China wants Hong Kong to amplify its efforts to internationalise the renminbi in Hong Kong's new five year plan, and create a new gold-based digital token. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US inflation is above forecasts, and markets now see a 85-90% chance the Fed will hike this week. ANZ Research now sees the ECB hiking once more. And New Zealand's manufacturing sector expands — just. In our deep-dive interview, ANZ's Chief Economist for Greater China, Raymond Yeung, unpacks the importance of Hong Kong's new five-year plan. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The European Central Bank hikes rates, but inflation fears over surging oil prices dominate attention, triggering another global bond market selloff. And ANZ Research changes its Fed rate call to three more hikes. In our deep-dive interview, ANZ Economist Vicky Xiao Zhao analyses a recent large capital injection by China's government into key financial institutions. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Brent oil rises back over $100 as the Middle East conflict intensifies. Treasury yields rise, despite the expansion of a bond buyback. Markets now turn their attention to an expected European Central Bank (ECB) rate hike tonight. In our deep-dive interview, ANZ Senior China Strategist Zhaopeng Xing looks at whether China's latest changes to house sales rules can revive a flagging property market. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil prices jump as the Middle East conflict widens to attacks on Saudi Arabian cities. Australian consumer and business confidence slides as inflation concerns grow. And China's trade surges with rising chip prices. In our deep-dive interview, ANZ's Senior Commodities Strategist Daniel Hynes details the fallout from extended delays to normalising oil supply from the Persian Gulf. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil prices rise after fresh strikes in the Middle East. Australian job ads show a more resilient labour market. The mood among employers in New Zealand is improving. And inflation in Thailand is hotter than forecast. In our deep-dive interview, ANZ Senior Economist Matthew Galt reviews how New Zealand's housing market is tracking. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US jobs growth in August is much stronger than forecast. Markets now see a 50/50 chance the Fed will hike this month, but the US dollar is still soft. And New Zealand's construction output beats expectations. In our deep-dive interview,ANZ Economist Sophia Angala reviews how Australia's housing market slowed further in August. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US September hike expectations fall on Fed comments - so stocks rise. The Yen strengthens on BoJ hike bets. Australia imports more data processing tech. Higher import prices hit New Zealand's terms of trade. In our deep-dive interview, ANZ New Zealand Chief Economist Sharon Zollner reviews where New Zealand's economy is headed after the RBNZ hiked rates again this week. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Global bond yields take a breather and US stocks rise. Australia's growth eased in the first half of 2026, but a November rate hike remains on the cards. The RBNZ lifts rates but the Kiwi drops as guidance changes. In our deep-dive interview, ANZ Head of Australian Economics Adam Boyton analyses how Australia's economy was placed after the second quarter. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil jumps and Government bond yields rise on inflation worries as the US launches new Iran strikes. ANZ Research upgrades its Australian Q2 GDP forecast. And the RBNZ is expected to hike rates today. In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga reviews the economic opportunities from Australia's data centre construction boom. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Brent jumps 5% on renewed conflict in the Middle East. Stronger company profits mean upside risk to Australia's Q2 GDP. Kiwi businesses report mixed inflation views ahead of the RBNZ's rate call. In our deep-dive interview, ANZ FX Analyst Preksha Jain analyses whether dividend conversions, off the back of the ASX reporting season, could affect the Aussie as US dollar payments are converted into AUD by domestic investors. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The Fed Chair delivers a hawkish Jackson Hole speech - US rate hike bets firm up. But jobs data this week could ease the pressure. New Zealand consumer inflation expectations stay steady. Australia has Q2 GDP this week. In our deep-dive interview, ANZ Head of FX Research Mahjabeen Zaman explains the implications of Kevin Warsh's speech for rate expectations and currencies. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US Treasuries are steady ahead of the Fed chair's Jackson Hole speech; Australian household spending jumps - supporting ANZ Research's November rate hike call. Korea and the Philippines hike rates. In our deep-dive interview, ANZ Senior Rates Strategist Jack Chambers explains why it's so important to keep an eye on longer-dated US Treasury yields. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Australia's July CPI is stronger than expected, after RBA minutes highlighted concerns about prices. So ANZ Research has changed its rate call to another hike in November. US inflation backs the Fed to hold. In our deep-dive interview, ANZ Economist Maddy Dunk analyses what was behind the strength in Australia's July CPI data. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US Treasury yields drop as attention turns to PCE inflation data tonight. RBA August meeting minutes lean to the hawkish side. Australia's July CPI inflation today will be watched for any upside surprise. In our deep-dive interview, ANZ Commodities Strategist Soni Kumari reviews how Gold has been tracking as US rate hike expectations change, fiscal concerns rise and the Middle East conflict continues. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil and Treasury yields drop as the US sets out more Iran sanctions; Singapore's core inflation jumps but was weaker than expected. New Zealand retail sales drop, highlighting a stalled economy in Q2. In our deep-dive interview, ANZ Senior Asia Rates Strategist Jennifer Kusuma reviews how Asia sovereign risks are tracking amid the Middle East conflict and bond market uncertainty. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US business activity rises in August as price growth eases. The US dollar settles lower after last week's Treasury bond market intervention. Stronger inflation boosts Bank of Japan rate hike expectations. In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga reviews the US Treasury's moves last week to bring borrowing costs down, and the implications for Australia and New Zealand. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Long Treasury yields are back up - the US is looking at what else it can do to get borrowing costs down. Australia's labour market softens, taking pressure off the RBA. And Japan's exports surge on AI demand. In our deep-dive interview, ANZ Economist Vicky Xiao Zhou looks at what's driving Asia's AI tech export boom. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The US Treasury doubles a bond buyback programme, sending long-term yields and the dollar down - the Aussie and Kiwi dollars both rise. Australia's private sector wage growth is the weakest since 2021. In our deep-dive interview, ANZ Chief Economist for Greater China Raymond Yeung dissects China's weak July activity data. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Stocks fall as inflation fears rise. ANZ Research upgrades its Australian growth forecasts. And Australian consumers are more confident as RBA hikes appear off the table. In our deep-dive interview, ANZ Senior Commodities Strategist Daniel Hynes analyses how diesel has become a crunch point in the global oil market. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The Bank of Japan is given food for thought from a weak GDP print. China's activity slows sharply. Oil prices are back up around 3% on renewed conflict worries. New Zealand price pressures ease. In our deep-dive interview, ANZ Economist Maddy Dunk explains why ANZ Research has cut its Australian house price forecasts. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Fed hike pricing retreats further after weak US retail sales; Australian housing lending drops as the RBA looks for signs of reduced activity. New Zealand's patchy recovery continues. In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga analyses how the Fed is placed after last week's US inflation data. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

There's more pressure off the Fed to hike as US producer prices ease more than expected. New Zealand inflation expectations fall. And Japan's government is reported to favour a near term rate hike. In our deep-dive interview, ANZ FX Analyst Kausani Basak analyses the implications of an investment surge in Thailand. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US inflation comes in as expected - Fed rate hike expectations fall. Bank of Korea says more rate rises are likely. And ANZ Research downgrades its Australian house price forecasts. In our deep-dive interview, ANZ Economist Aaron Luk explains how Australia's unemployment rate has become less sensitive to growth in recent years. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The RBA holds but is ready to act if inflation doesn't come down. Australian consumer and business confidence hold steady. And Singapore's economy grew faster than first thought last quarter. In our deep-dive interview, ANZ Head of Australian Economics Adam Boyton analyses the RBA's latest forecasts for clues on rates. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil prices are up 5% as worries grow about when the Strait of Hormuz will reopen. The RBA is set to hold rates today. And Bank of Japan members grow more hawkish as inflation expectations grow. In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga says there are some key similarities between 1990s Japan and China's economy today. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US stocks are buoyed by a weak labour market because that means the Fed is less likely to hike rates. There's new uncertainty over the opening of the Strait of Hormuz. China's inflation cools. In our deep-dive interview, ANZ New Zealand Chief Economist Sharon Zollner says ANZ's latest card spending data for July shows Kiwis are getting out and spending more. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil rises 3% after Iran issues new threats. US bond yields rise ahead of US jobs data tonight. Gold exports lift Australia back to a trade surplus. And New Zealand's commodity prices fall as dairy prices weaken. In our deep-dive interview, ANZ Head of Asia Research Khoon Goh analyses the big yen move, and downgrades two of his Asia currency forecasts. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil prices are steady and global stocks were mixed overnight. India holds rates as it watches for inflation. And New Zealand's unemployment rate jumps more than expected to an 11-year high of 5.6%. In our deep-dive interview, ANZ Economist Maddy Dunk says Australia's housing market downturn has broadened beyond just Sydney and Melbourne. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Stocks rise and Treasury yields fall on hopes the Strait of Hormuz will open soon. ANZ Research updates its Fed call to a longer hold. Australian spending and job ads rise. And New Zealand's jobless rate is set to rise in labour force data out later today. In our deep-dive interview, ANZ Chief Economist for Southeast Asia and India Sanjay Mathur looks at whether the Reserve Bank of India's (RBI) moves to attract foreign currency inflows are working. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil prices drop after Donald Trump calls off a big strike on Iran. The yen has bounced after intervention, but the fundamentals are still weighing it down. And Taiwan's GDP growth beats expectations. In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga looks at the big selloff in US bond markets after new Fed Chair Kevin Warsh underlined he wouldn't give forward guidance any more. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Intervention from the Fed and Japanese authorities drags the yen up off 40 year lows, just as the Bank of Japan suggests it may hike again in October. And leading indicators for China's economy are much slower than expected in July. In our deep-dive interview, ANZ Economist Bansi Madhavani analyses what UK bond investors want from the new Prime Minister Andy Burnham. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US inflation in June is softer than forecast, further reducing expectations of a Fed hike in September. But US long bond yields hit new 19-year highs on fear Fed Chair Kevin Warsh won't keep inflation low in the long run. The Bank of England holds. In our deep-dive interview, ANZ Senior Economist Matthew Galt looks at what is driving regional differences in New Zealand's housing market. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The Fed holds rates, but three dissenters still wanted a hike. Markets now look to key US inflation data tonight. And Australia's core inflation is lower than expected, taking an RBA rate hike off the table for its August decision. In our deep-dive interview, ANZ Head of Australian Economics Adam Boyton reminds us that core inflation is still well above the RBA's target. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Stocks rise and bond yields fall ahead of the Fed's rate decision. Australian inflation data today will be watched for hints of another rate hike. And New Zealand jobs cling to growth as businesses turn negative. In our deep-dive interview, ANZ Economist Aaron Luk analyses the links between Australian household income, housing wealth and spending. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil falls 6% as a fragile truce holds. The US dollar is set to surge if the Fed hikes this week, as a minority expect. The RBA is on alert for persistent inflation. And Bank Indonesia's Governor resigns unexpectedly. In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga unpacks what firm household consumption in Australia means for its economy, and interest rates. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Brent crude jumps over US$100 as the Iran conflict blocks both the Persian Gulf and the Red Sea. The European Central Bank holds, but hawkishly. And Australian jobs jump, albeit with a flat jobless rate — keeping the pressure to hike off the RBA. In our deep-dive interview, ANZ Head of Asia Research Khoon Goh looks at how well-placed Asian economies are to handle the return of higher oil prices. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil prices are set to fall sharply in Asian trade this morning after the US and Iran paused their conflict in the Middle East. But market expectations for inflation and interest rates remain high. And Singapore is set to tighten monetary policy today. In our deep-dive interview, ANZ Economist Krystal Tan explains why ANZ Research has boosted its growth forecasts for Korea in the next two years. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/