Craig Ebert
Craig Ebert
abandon bank firm forget rate relatively reserve stretched talking
Forget the interpretations of recession. We're still talking about a relatively stretched economy. There is no justification for the Reserve Bank to abandon the firm interest- rate outlook.
band coming courageous expect higher inflation likely middle naturally recede seems target year
The presumption that inflation will naturally recede to the middle of the target band seems a courageous one. Inflation is likely to be higher than many expect over the coming year or two.
bank horizon household prevent reserve support
There is much on the horizon to support household incomes, which may well prevent the slowdown the Reserve Bank expects.