# RBA back on the narrow path

Page: https://stenobird.com/podcast/nab-morning-call-427359/rba-back-on-the-narrow-path
Text version: https://stenobird.com/podcast/nab-morning-call-427359/rba-back-on-the-narrow-path.md
Podcast: [NAB Morning Call](https://stenobird.com/podcast/nab-morning-call-427359)
Published: 2026-09-29T20:27:42+00:00
Episode link: https://shows.acast.com/morningcall/episodes/rba-back-on-the-narrow-path
Audio file: https://sphinx.acast.com/p/open/s/631a89913c2be9001415dc41/e/6abc1f3f6ffb28f8d6e3abf9/media.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/nab-morning-call-427359/episodes/rba-back-on-the-narrow-path
Duration seconds: 1012

## Resource

Wednesday 30th September 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Following the Reserve Bank of Australia’s unanimous decision to raise the cash rate by 25 basis points to 4.60%, market attention has shifted to Governor Michele Bullock’s post-meeting press conference. NAB's Taylor Nugent says her commentary hinted that the RBA may be returning to its "narrow path" balancing inflation control against labour market conditions, softening some of the hawkish expectations for follow-up hikes. Meanwhile, global bond yields continue their upward trend, pushing 30-year US Treasuries to multi-decade highs, as markets digest a softer US JOLTS job openings report, declining US consumer confidence, and European inflation updates. Looking ahead, today brings Australia's August CPI data alongside the US PCE inflation report and Chinese PMI reads. Hosted on Acast. See acast.com/privacy for more information.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/nab-morning-call-427359/episodes/rba-back-on-the-narrow-path/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/nab-morning-call-427359/rba-back-on-the-narrow-path.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.