Market Outlook for the Week of 4-8 December ...Middle East

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Last week was marked by the RBNZ's decision to maintain its official cash rate, which was interpreted as a hawkish stance by the market. Furthermore, they revised their rate projections, indicating that "if inflationary pressure were to be stronger than anticipated, the OCR would likely need to increase further."In the U.S., Fed's Waller made some dovish comments hinting at potential rate cuts. It will be interesting to watch in the coming weeks if other Fed members share the same perspective, and particularly if Chair Powell does as well. I believe Powell will be reserved with expressing such views for now.Looking ahead to this week, several important economic events are on the horizon.Mond

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