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, March 22, 2012

Koukoulas: "balanced view" suggests April RBA rate cut "certain"

From Stephen Koukoulas:

As discussed previously, the RBA needs to be more realistic about the current performance of the economy and the risks in the outlook. It needs to take monetary policy to a more accommodative stance. The April meeting of the RBA Board presents an opportunity for rates to be cut. A balanced view of the economy suggests a rate cut should be certain, especially as the RBA failed to act in February and March and the news since then has been quite poor. But it is not clear whether the RBA can divert is gaze from the mining boom and look at the rest of the economy and move rates lower. We'll see in a couple of weeks.
at 4:39 PM