The central bank is an inflation fighter, not a growth defender. It would be nothing short of negligent for the Reserve Bank to move away from a tightening bias.
Stephen Toplis
That in itself will make the bank sufficiently cautious to leave them unlikely to be contemplating rate cuts any time soon.
time leave
There is no question the economy is slowing.
question economy
growth bias inflation short
If the exchange rate pushes inflation expectations permanently higher, the Reserve Bank will have a tough job on its hands. The market is premature in pricing a near-term easing by the central bank.
market expectations hands job inflation
It was a classic case of when there's a lot of noise, the best thing a central bank can do is nothing.
classic noise thing
You must log in to post a comment.
There are no comments yet.