Any hopes that the Reserve Bank could hold off raising interest rates have been dashed, ... If the bank is going to contain inflation in 2006 and 2007, they have got to keep raising rates.
More Quotes from Stephen Koukoulas:
If RBNZ Governor Alan Bollard needed more information to stop hiking interest rates, the house-building consents data today fit the bill.Stephen Koukoulas
With the core inflation readings fly-papered to a narrow range around 2.5 per cent, there is scope for the RBA to continue its rates-on-hold strategy for several more months.
Stephen Koukoulas
Clearly they are seeing inflationary risks coming through, and they feel obliged to ensure that inflationary pressures don't build further some time down the track.
Stephen Koukoulas
The credit data, together with the TD-MI monthly inflation gauge for October suggest the Reserve Bank will leave interest rates unchanged,
Stephen Koukoulas
Some of the highest interest rates in the world keep demand for the currency strong.
Stephen Koukoulas
We are still waiting for an improvement in trade to fuel the economy. The trade deficit has been large for a long time.
Stephen Koukoulas
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