He doesn't want to see lightening strike twice, and risk giving the housing market another wind.
More Quotes from Cameron Bagrie:
The lift in pricing intentions to their highest levels since late 2000 represents a clear warning shot. The message is one of pricing pressure and inflation risks. Monetary policy will remain in a restrictive stance.Cameron Bagrie
I'm U.S. dollar bullish over the next three months, largely because the Fed will go to 4.75 percent and they'll leave the door open to 5 percent.
Cameron Bagrie
He's delivering a warning shot. The message is that they don't appear to see any problem with having monetary policy in a restrictive stance for some time.
Cameron Bagrie
There's not a lot of investment opportunities out there, so yield is still the default play for the market. But when the New Zealand dollar turns, it will turn aggressively, and if we don't get yield demand it will fall by a country mile.
Cameron Bagrie
The decline in business confidence seen over past months has been arrested.
Cameron Bagrie
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