Gavin Redknap
Gavin Redknap
altered balanced economy either few growing later lower policy rates reasons trend
We still see lower rates later in the year, but for now, with the economy growing at about trend and in a balanced manner, there are few reasons for policy to be altered in either direction.
anecdotal bank consistent consumer data evidence hold improve next outlook sector services start staying
Should consumer services start to reinvigorate as anecdotal evidence suggests, the outlook for the sector as a whole should improve substantially. The data is very much consistent with the Bank staying on hold next week.