The Reserve Bank has no need to tighten or to ease rates.
More Quotes from Jarrod Kerr:
There's no need for the central bank to raise interest rates again.Jarrod Kerr
The Reserve Bank will be happy with this result and be content to sit on the sidelines. Companies are wearing some of the price pressure rather than passing it on. When consumers are tightening their purses, retailers don't want to be cranking up prices.
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
These reports provide further reasons for interest rates to remain on hold.
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
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