I think the bank (RBA) will welcome that with open arms and it will further confirm their idea to sit on the sidelines at this stage and ride out the blip in oil prices.
More Quotes from Jarrod Kerr:
Recent soft economic numbers for Australia and the fall in the annual rate of inflation add up to an unchanged cash rate on Wednesday. In fact, we forecast an unchanged rate for all of 2006.Jarrod Kerr
Exports are struggling to get traction. The monthly report highlights the capacity constraints in Australia. We need a lot more capital investment to alleviate the bottlenecks. Exports will continue to take away from GDP in the third quarter.
Jarrod Kerr
It's a pretty disappointing number, much below market expectations and our own. Exports were particularly disappointing.
Jarrod Kerr
There's no need for the central bank to raise interest rates again.
Jarrod Kerr
The market is now taking a pause to assess just what Rita will do. It won't fully digest Rita until Monday, although the forecasts are looking a little better than yesterday at present.
Jarrod Kerr
We don't think there is anything to warrant a rate move from the central bank. Even though building approvals rose in November, housing is still in correction mode.
Jarrod Kerr
Readers Who Like This Quotation Also Like:
Based on Keywords: blip, rbaBe careful: they have arms, and no alternatives.
Ryszard Kapuscinski
More than anything, I think as our country matures, we recognize that women deserve to be treated with respect and dignity.
Barbara Boxer
Our party's committed to tackling failing schools and cutting crime.
Francis Maude