Growth in employment this year is likely to be substantially lower than over the past year. In that sort of environment, we forecast the central bank will leave interest rates unchanged for the rest of the year.
More Quotes from Jarrod Kerr:
The interest-rate advantage with the U.S. will continue to narrow and that will weigh on the Australian dollar.Jarrod Kerr
The market is now taking a pause to assess just what Rita will do. It won't fully digest Rita until Monday, although the forecasts are looking a little better than yesterday at present.
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
The Reserve Bank has no need to tighten or to ease rates.
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
It's a pretty disappointing number, much below market expectations and our own. Exports were particularly disappointing.
Jarrod Kerr
Readers Who Like This Quotation Also Like:
Based on Topics: Environment Quotes, Past Quotes, Work & Career QuotesI've told the guys to keep their heads up. I really believe we played a great game here.
Ricky Ponting
If you look at the themes that he struck from the minute he started running for president through today, there is a very high level of consistency, and there is a sense that he is who he is. Obama's governing is completely consistent with the way he campaigned and the themes on which he campaigned, the issues he highlighted, the vision he shared.
David Axelrod
The deeper the experience of an absence of meaning - in other words, of absurdity - the more energetically meaning is sought.
Vaclav Havel