There doesn't seem to be any evidence that inflation is accelerating. In terms of when the bank can cut interest rates, we are still looking at sometime in the second half of the year.
More Quotes from Darren Gibbs:
This concern suggests it will take a lot of strength to get the Fed to tighten beyond 5 per cent.Darren Gibbs
They've made very good profits over the last four or five years. They've had a good run, so they're well-placed to take a hit.
Darren Gibbs
We are seeing significant investment. The rate of addition to the capital stock is as great if not greater than anything we have seen in the past 20 years.
Darren Gibbs
But we don't think this language quarrels with the consensus view of financial markets - and our view - that an easing cycle will most likely begin in September.
Darren Gibbs
It's not hard to understand why business confidence surveys report significant pessimism.
Darren Gibbs
It all looks pretty disappointing for the Reserve Bank.
Darren Gibbs
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