The case for a rate hike is clearly much stronger. The rest of the world is raising interest rates and global inflation rates are edging higher. Fuel-price increases will flow through to inflation.
More Quotes from Stephen Koukoulas:
Underlying inflation is still sufficiently strong for the RBA to maintain a fairly strong bias to increase interest rates in the months ahead, although the urgency for a rate rise is not yet extreme.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
A big increase could certainly get the Reserve Bank a little nervous. They'd be very close to pulling the trigger, raising the rate.
Stephen Koukoulas
Inflation is accelerating to worrisome levels.
Stephen Koukoulas
We are just hoping the export sector kicks into growth during 2006. Improvement in the trade deficit has been a long-time coming.
Stephen Koukoulas
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Based on Topics: World QuotesBased on Keywords: edging, fuel-price
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