Michael Every
Michael Every
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.
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.