The bottom line is, inflation's still under control. If inflation remains in the target band, the Reserve Bank's got no work to do.
More Quotes from Craig James:
Most interest will be in the price indicators contained in both the GDP and personal income releases.Craig James
The recovery in consumer spending is in its infancy. Retail growth in real terms has been the weakest in 12 years and is just picking itself up from the bottom. The car market is still weak, with seasonally adjusted sales falling 2 per cent in March after a 2 per cent fall in February.
Craig James
Unemployment is low, wages are growing at a healthy pace and interest rates remain stable. Retailers have also played their part by discounting heavily.
Craig James
A firmer trend in house construction is expected to take hold later this year, extending into 2007. Approvals probably rose in February, underpinned by a rebound in the apartment sector.
Craig James
The Reserve Bank can just about shut up shop until 2006... the two remaining board meetings (this year) will prove nonevents.
Craig James
Corporate Australia is firmly behind the wheel of the Australian economy, while consumers have taken on the role of passengers in the current environment.
Craig James
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