Cameron Bagrie
Cameron Bagrie
mindful question relative risks
It's a question of relative risks and Bollard is more mindful of inflation. He will be comfortable with receding growth.
anchored ensuring inflation primary profile remain require reserve risk talk
The risk profile for inflation is just too significant to ignore. Ensuring inflation expectations remain anchored will be the Reserve Bank's primary aim, and this will require the talk to remain tough.
economy economy-and-economics far
The economy is far from being on the ropes.
bullish dollar door fed largely leave next open percent three
I'm U.S. dollar bullish over the next three months, largely because the Fed will go to 4.75 percent and they'll leave the door open to 5 percent.
giving housing market risk strike
He doesn't want to see lightening strike twice, and risk giving the housing market another wind.
higher level oil prices shifted
International oil prices have shifted to a higher level permanently.
economy entering five growth levels pressure required stellar
Such levels have typically coincided with a short-term contraction. After five years of stellar growth, the economy is now entering a more sedate growth phase, as is required to alleviate pressure on resources.
inflation profile risk
The risk profile for inflation is just too significant to ignore.
confidence critical economy element expect forward growth maintain recession remain
Confidence is a critical element if the economy is to maintain forward momentum. Expect growth to remain tepid but a recession to be averted.
appear delivering message monetary policy problem stance warning
He's delivering a warning shot. The message is that they don't appear to see any problem with having monetary policy in a restrictive stance for some time.
close improve
It is probably close to its nadir but it will improve only slowly.
dollar implicit message needs
The implicit message is that the U.S. dollar needs to go down.
difficult economy midst
Is the economy in the midst of a recession? We find this difficult to believe.
bank comfort housing market reserve slowing
The housing market is not slowing sufficiently to comfort the Reserve Bank of New Zealand.