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What to Watch - Week of 23 March 2026

Inflation is the name of the game this week here at home. NAB expects headline inflation at 3.8% yoy and trimmed mean at 3.4%, though the data pre-dates the Middle East conflict. Globally, focus will remain on geopolitical risks, with G7 ministers meeting to talk on the ongoing unrest in the Middle East. Read the full plus forecasts here.

Jessie Cameron & Josh Copeland | Markets Research 

  • Domestically, February CPI is due Wednesday. NAB expects headline inflation at 3.8% yoy and trimmed mean at 3.4% yoy. The data pre dates the Middle East conflict.
  • Global focus will centre on geopolitical risk, with G7 foreign minister talks on the Middle East conflict, alongside March flash PMIs being closely watched for any evidence of its impact.
  • Other key data includes UK February CPI, Japan CPI, March Uni. Mich sentiment and China’s Q4 BoP. On central banks, the focus will be on a speech from the Fed’s Jefferson and BoJ minutes.

View the full report here

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NAB Markets Research

Our markets team is keeping clients informed with award-winning in-depth analysis on the Australian economy, foreign currency, fixed income, credit and commodities markets.