Robin Clements
Robin Clements
bank easing likelihood parts raising rather remain reserve sooner
With the likelihood that the Reserve Bank will be easing sooner rather than later, and other parts of the world actually raising rates, the pressure's going to remain on the currency.
bank business despite market move near nowhere obviously people price protests
Despite the protests of politicians and some business people that we were nowhere near recession, obviously we're very close. I think the bank will ease, and the market will undoubtedly move to price it in earlier.
expected growth recession slow
Growth is expected to slow further, with a recession possible.
cut middle oil price pushed raises rate risk spike
The oil price spike raises the risk that the rate cut may have to be pushed out to the middle of the year.
far
Stockprices can go up as far as the moon.
above cent march per petrol prices pump quarter
As of today, petrol prices at the pump are 14 per cent above the March quarter average.
add
It will add to the picture, in my view, that they will not need to do any more tightening.
account currency current deficit imports respond seen solve stay wider worrying
We need to see imports soften off if we are ever going to solve the current account deficit problem. That's why we've seen the currency respond to the wider deficit. It's worrying that the current account deficit will stay large.
amidst patch soft turn
We are amidst a soft patch that may turn out to be recessionary.