Policymaker's toleration for inflation risks must be lower when the inflation rate is bumping around 3 per annum,
More Quotes from Michael Blythe:
So we suspect that it won't take much to give the RBA that extra shove toward tightening.Michael Blythe
There were new building regulations there that took effect from July 1 which are going to bump up the cost of new houses. It looks like there was a last minute rush to beat that which pumped up previous months and created this pothole for us to fall into in July,
Michael Blythe
The most likely outcome is that interest rates will rise.
Michael Blythe
Some of the risks coming through in the labor market in Australia are still very tight and, ultimately, you would expect that to push up wages and then flow through to inflation.
Michael Blythe
Strong employment keeps alive the risks to wage inflation and the central bank's concerns.
Michael Blythe
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Based on Keywords: annumThough men are apt to flatter and exalt themselves with their great achievements, yet these are, in truth, very often owing not so much to design as chance.
Francois de La Rochefoucauld
Listening is a magnetic and strange thing, a creative force. The friends who listen to us are the ones we move toward. When we are listened to, it creates us, makes us unfold and expand.
Karl A. Menninger
I see happiness as a by-product. I don't think you can pursue happiness. I think that phrase is one of the very few mistakes the Founding Fathers made.
James Hillman