The Reserve Bank will continue to monitor higher short-term inflation risks from oil against slowing economic activity. While the bank might engage in occasional bouts of jawboning, we see little prospect of rates moving in either direction for some considerable period.
More Quotes from Alan Oster:
While the RBA might engage in occasional bouts of jawboning, we see little prospect of the RBA moving in either direction for some considerable period. That, indeed, was the main message out of yesterday's monetary policy statement.Alan Oster
The pace of economic activity is continuing to moderate. The Reserve Bank is very much on hold, watching both the inflation outlook and domestic demand over the remainder of 2005 and well into next year.
Alan Oster
Confidence has been getting weaker for some months and trading conditions have weakened a bit in the latest survey. They could weaken more in the short term, but when you look at the medium term, companies are still quite optimistic.
Alan Oster
Business appears increasingly concerned that further weakness is in prospect. The Reserve Bank is very much on hold, weighing the higher inflation reality against the prospect of further slowing in domestic demand and a mild deterioration in the labor market.
Alan Oster
In summary, the survey points to a significant pick-up in economic growth in the first quarter of 2006.
Alan Oster
Against that, cost pressures and more specifically oil prices remain a concern, as does the availability of suitable labor.
Alan Oster
Readers Who Like This Quotation Also Like:
Based on Keywords: bouts, jawboningI just don't want to end up on something that bores the hell out of me. Otherwise, I'll fake a knee injury and get out of there.
Sasha Alexander
In the 1950s we use to feel that television was taking away our comic readership; with today's exciting, powerfully visual movies I have to wonder about their effect on the kids' loyalty to the comic book medium all over again.
Joe Simon
If you can't find your inspiration by walking around the block one time, go around two blocks-but never three.
Robert Motherwell