Michael Every
Michael Every
ahead bank cap economy extremely increase inflation looks obvious odds rapidly rate reserve slow whether worried
The odds of a rate increase on Oct. 27 have shortened. The Reserve Bank is extremely worried over whether the economy will slow rapidly enough ahead to cap obvious inflation pressures. It looks increasingly like it will not.
employment growth higher housing increases likely moderate oil prices rate reserve thoughts
For the Reserve Bank, this is likely to significantly dampen any thoughts of rate increases going forward. With higher oil prices and a weakening housing market, employment growth should be much more moderate ahead.
bank demand domestic hold housing market peak remains reserve
The residential housing market is well off its peak now. The Reserve Bank remains on hold for now with domestic demand moderating.
account certainty current deficit economic exports growth net subtract
Economic growth is slowing, and exporters are already suffering. It is a certainty that fourth-quarter net exports will subtract substantially from GDP growth while the current account deficit will widen further.
backs bank hold mining pickup remaining report reserve retail transport weakness
This report backs the Reserve Bank remaining on hold ahead. Weakness in retail and transport is being mitigated by a pickup in mining and construction.
bank exports holding interest lower near rates reserve respond side strongly unlikely
With the import side holding up more strongly than exports for now, the Reserve Bank is unlikely to respond with lower interest rates in the near term.