Shane Oliver
Shane Oliver
bit dramatic exports improved looking past
Exports probably would have improved a little bit but not much, so it's really just a continuation of the past - we're not looking for a dramatic change.
high households housing interest market petrol pressure rates remains slowing
The housing market remains in the doldrums. With the housing market still slowing and households under pressure from high petrol prices, interest rates will remain on hold.
cheap china environment helping hold inflation interest pricing products rates time underlying
Cheap products from China and a very competitive pricing environment is helping keep underlying inflation in check. Interest rates are on hold for the time being.
agencies blow borrower buy companies corporate credit default guide inflation people portfolio provide rating rely risk takes
In corporate debt, you have the credit risk of borrower defaulting and that's why people rely on the rating agencies to provide a guide on the default risk, and the other risk is that there could be a blow out in yields, for instance, you buy a portfolio and inflation takes off or companies go bust.
approach past six
It is a significant psychological milestone, the approach of which has triggered some profit-taking over the past six weeks.
decision head knock recovery retail sales seeing slow
Today's decision will slow the recovery we've been seeing in retail sales and housing. It will be a knock on the head for both.
areas consumer exports fill help hole investment left luckily mining plug slowing
We need other areas to fill the hole left by slowing consumer spending. Luckily mining investment and exports are increasing, which will help plug the gap.
australian close easing fed interest investors likely monetary policy quite rates renewed shifting starting toward widening wonder
U.S. interest rates are pretty close to the top. By year- end it is quite likely the Fed will be shifting toward easing monetary policy and investors will be starting to wonder about a renewed widening in the Australian and U.S. interest-rate gap.
australian fact global indicate offer return shares similar trading
The fact that Australian shares are now trading on a similar pe to global shares does not indicate that they are overvalued or that global shares now offer better return prospects.