The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Sunday, November 7, 2010

Should the RBA release its interest rate forecasts like the RBNZ?

CommSec's Craig James thinks so:

"The Reserve Bank notes that higher interest rates will be the key driver in ensuring a low inflation era. The Australian public would like to know what those rate assumptions are. Clearly it would be beneficial for Australian businesses and consumers if the Reserve Bank released its interest rate forecasts, similar to other central banks like the Reserve Bank of New Zealand. The release of interest rate assumptions would be the next step in the evolution process for monetary policy setting in Australia. The Reserve Bank now releases statements after each meeting and Board minutes – the next step is releasing its interest rate assumptions."