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."

Thursday, January 19, 2012

RBS forecasting no change in interest rates at February meeting

From RBS today:

"We imagine that the Reserve Bank would be disappointed by the drop in employment in December, but still conclude that there had been little change in the labour market given that unemployment was again steady at 5.2% (in its last Statement on Monetary Policy, it forecast unemployment to rise a "little" before falling back). At this stage, we see no change in rates in February given the European situation seems no worse, while the US outlook has improved a little. Next Wednesday's CPI may change that view, but at this stage our forecast of 0.6% for underlying inflation would not act as a domestic trigger for a cut."