Cameron Bagrie
Cameron Bagrie
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.
clear highest inflation intentions late levels lift message monetary policy pressure pricing remain represents since warning
The lift in pricing intentions to their highest levels since late 2000 represents a clear warning shot. The message is one of pricing pressure and inflation risks. Monetary policy will remain in a restrictive stance.
dollar implicit message needs
The implicit message is that the U.S. dollar needs to go down.
bullish dollar door fed largely leave next open percent three
I'm U.S. dollar bullish over the next three months, largely because the Fed will go to 4.75 percent and they'll leave the door open to 5 percent.
country mile
When it goes, it is going to go a country mile pretty quickly.
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.
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.
business confidence decline months past seen
The decline in business confidence seen over past months has been arrested.
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.
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.
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.
call clark early good hurry proven
Clark and Cullen have proven they are good at making governments work. No one will be in a hurry to call an early election.