GDP is looking a lot weaker than we had anticipated and that should keep the Reserve Bank on hold for a fair while.
More Quotes from Brian Redican:
We've gone through a period where everything has gone right for company profits, but over the past 12 months some cracks have started to develop.Brian Redican
There remains a lingering risk of higher interest rates should signs of stronger employment and inflation emerge in coming months.
Brian Redican
The Reserve Bank is very firmly on hold. The housing market is treading water. Investors no longer have the opportunity to get big capital gains, so they have left the market.
Brian Redican
The market has been trying to push a rate cut, but the Governor has remained steadfast, saying there is no scope for lower rates. The Reserve Bank does have a tightening bias and is concerned by wages pressure.
Brian Redican
This is a very positive number and it augurs well for economic growth. It's a bright spot.
Brian Redican
The current slowdown in consumer spending reflects factors such as slower employment growth, higher petrol prices, higher interest repayments and a slower housing market.
Brian Redican
Readers Who Like This Quotation Also Like:
Based on Topics: Fairness QuotesBecause he'll take me to Cuba and I don't want to go to Cuba.
Elian Gonzalez
Every human being is intended to have a character of his own; to be what no others are, and to do what no other can do.
William Ellery Channing
There is a slowness in affairs which ripens them, and a slowness which rots them.
Joseph Roux