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.
release
There in something in today's release for everyone.
country mile
When it goes, it is going to go a country mile pretty quickly.
economy entering five growth levels pressure required stellar
Such levels have typically coincided with a short-term contraction. After five years of stellar growth, the economy is now entering a more sedate growth phase, as is required to alleviate pressure on resources.
close improve
It is probably close to its nadir but it will improve only slowly.
giving housing market risk strike
He doesn't want to see lightening strike twice, and risk giving the housing market another wind.
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.
business confidence decline months past seen
The decline in business confidence seen over past months has been arrested.
higher level oil prices shifted
International oil prices have shifted to a higher level permanently.
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.
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.
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.
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.