Investor Presentaiton
Global market backdrop.
Central banks responding aggressively to inflation.
Fed Funds and RBA Cash Rate (%)
%
9
Cash Rate
Fed Funds (midpoint)
%
0
Global inflation (ann %)
ann%
20
8
7
6
5
4
3
2
1
0
Nov 92
Nov 98
h
Westpac f'casts
to Dec-23
15
10
5
5
2
0
0
-5
Nov 04
Nov 10
Nov 16
Nov 22
Sep-60
Sources: Bloomberg, RBA Westpac Economics
Global supply chains (index, monthly)
Sep-70
Australia
G7
Economics
ann%
20
* CPI inflation; 'G7' is GDP-
weighted avg of US, EU,
Japan, UK and Canada.
15
10
5
0
-5
Sep-80 Sep-90
Sep-00 Sep-10
Sep-20
Sources: ABS, IMF, Macrobond, Westpac Economics
Consumer inflation expectations¹ (ann, %)
Index
Index
ann%
52.5
Global Supply Chain Pressure Index (Ihs)
850
9
container freight rates (rhs)^
52.0
700
80
A 2017 avg
100
7
51.5
550
6
51.0
400
5
50.5
250
4
50.0
100
3
49.5
-50
2
Jan-17
Jan-18
Jan-19
Jan-20
Jan-21
Jan-22
Jan-23
Oct-97
Sources: Bloomberg, Macrobond, Westpac Economics
110
Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack
Oct-01
Oct-05
Australia
G7
* 3mth avg
Oct-09
ann%
6
latest
8
month
7
6
<
3
2
Oct-13
Oct-17 Oct-21
Sources: ABS, IMF, Macrobond, Melbourne Institute, Westpac Economics
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