Cameron Bagrie
Cameron Bagrie
economy employment export intentions profit risen
While the economy is down, it is not out for the count. Employment and profit expectations have risen and export intentions are at a four-year high.
country mile
When it goes, it is going to go a country mile pretty quickly.
difficult economy midst
Is the economy in the midst of a recession? We find this difficult to believe.
anchored ensuring inflation primary profile remain require reserve risk talk
The risk profile for inflation is just too significant to ignore. Ensuring inflation expectations remain anchored will be the Reserve Bank's primary aim, and this will require the talk to remain tough.
inflation profile risk
The risk profile for inflation is just too significant to ignore.
country default demand dollar fall investment turn yield zealand
There's not a lot of investment opportunities out there, so yield is still the default play for the market. But when the New Zealand dollar turns, it will turn aggressively, and if we don't get yield demand it will fall by a country mile.
release
There in something in today's release for everyone.
confidence critical economy element expect forward growth maintain recession remain
Confidence is a critical element if the economy is to maintain forward momentum. Expect growth to remain tepid but a recession to be averted.
mindful question relative risks
It's a question of relative risks and Bollard is more mindful of inflation. He will be comfortable with receding growth.
business confidence decline months past seen
The decline in business confidence seen over past months has been arrested.
bank expected reaffirm reserve strength zealand
The Reserve Bank of New Zealand is expected to reaffirm its no-cut stance, cementing yield-related strength for a while yet.
close improve
It is probably close to its nadir but it will improve only slowly.
appear delivering message monetary policy problem stance warning
He's delivering a warning shot. The message is that they don't appear to see any problem with having monetary policy in a restrictive stance for some time.
giving housing market risk strike
He doesn't want to see lightening strike twice, and risk giving the housing market another wind.