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.
More Quotes from Jarrod Kerr:
These reports provide further reasons for interest rates to remain on hold.Jarrod Kerr
The good news is the surge in business investment is laying the groundwork for improved growth. This is what the central bank wants and so they will stay on the sidelines.
Jarrod Kerr
Consumers have tightened the purse strings and this could continue over the next few months approaching Christmas.
Jarrod Kerr
The Reserve Bank has no need to tighten or to ease rates.
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
Growth in employment this year is likely to be substantially lower than over the past year. In that sort of environment, we forecast the central bank will leave interest rates unchanged for the rest of the year.
Jarrod Kerr
Readers Who Like This Quotation Also Like:
Based on Keywords: approvalsAnd I really believe good journalism is good business.
Christiane Amanpour
After graduating in 1973 I went into the programming field.
W. Richard Stevens
I remember that all of a sudden, the car felt like I couldn't control it. It was absolutely the most horrifying experience. We rolled over, off the freeway. I think there was something wrong with the car.
Tracey Gold