up .25 I think.
Why? To keep a steady hand on the tiller... steady as she goes...
Why? To keep a steady hand on the tiller... steady as she goes...
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I wouldn't be surprised if the reserve moved up .25 and some banks up another .20 on top of this on Tuesday.
Regards Jason.
Suppose you have to take notice of Paul Bloxhom, fresh from 12 years in senior positions with RBA.
Do you think inflation in this country is permanently too low?
12 years... he'd have been growing roots by then. presumably a LSL milestone kicked in at that point?
Bloxham reckons a stronger aud will help slow consumption and should reduce requirement ot raise rates as high. That seems counterintuitive to me. I'd have thpught higher aud will increase imports and higher rates will attract more foreign funds into govt bonds.
I'd have thpught higher aud will increase imports
Mr Bloxham was quoted as saying that the economy risked growing faster than its capacities and this could lead to inflation:
"A further challenge is that the economy starts this upturn with consumer price inflation already in the top half of the Reserve Bank's target range."
SOURCE: The Australian - 22nd Sept 2010
I don't understand why No. 2 would be a reason / consideration.
Are you saying the RBA is in some sort of allegiance with overseas countries and wants to encourage the Australian people to spend overseas? Very confused...
The monthly inflation gauge rose by 0.05 per cent in September after lifting by 0.2 per cent in August and edging up 0.1 per cent July. The annual rate of inflation rose from three per cent to 3.2 per cent but the three-month annualised rate fell sharply from 2.5 per cent to 1.7 per cent.
Excluding volatile items like petrol and fruit and vegetables, the inflation gauge rose by just 0.1 per cent in September after a similar rise in August. The three-month annualised rate of inflation eased from 2.6 per cent to 2.5 per cent.
The trimmed mean inflation measure was unchanged for the second straight month. The trimmed mean measure is up 2.3 per cent on a year ago while the three-month annualised rate eased from 1.7 per cent to 1.1 per cent.
TD Securities noted that, “Contributing most to the overall change in September were price rises for alcohol and tobacco, fruit and vegetables, and holiday travel and accommodation. These were offset by falls in prices for automotive fuel, rents, and audio, visual and computing equipment.”