Cheap products from China and a very competitive pricing environment is helping keep underlying inflation in check. Interest rates are on hold for the time being.
More Quotes from Shane Oliver:
Our assessment is that Australian shares will continue to outperform mainstream global shares over the next year, thanks to a combination of higher dividend yields, slightly stronger earnings growth (helped of course by the resources sector) and franking credits.Shane Oliver
Our assessment is that house prices may have a bounce but this is unlikely to mark the start of a sustained recovery.
Shane Oliver
This is exactly what the Reserve Bank wants because increased investment reduces inflationary pressure and will help build capacity.
Shane Oliver
The Chinese economy continues to motor along at a pretty solid pace. There has been a bit of a rebalancing of the economy over the past few years away from fixed-asset investment toward the consumer.
Shane Oliver
We need other areas to fill the hole left by slowing consumer spending. Luckily mining investment and exports are increasing, which will help plug the gap.
Shane Oliver
U.S. interest rates are pretty close to the top. By year- end it is quite likely the Fed will be shifting toward easing monetary policy and investors will be starting to wonder about a renewed widening in the Australian and U.S. interest-rate gap.
Shane Oliver
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