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."

Friday, March 30, 2012

Koukoulas has seen the RBA Board papers: "It's a 25bp cut"

According to Stephen Koukoulas's best analysis, this is what the RBA is going to say on Tuesday:

At its meeting today, the Board decided to reduce the cash rate by 25 basis points to 4.00 per cent...With growth below trend and inflation close to target, the Board judged that a further moderate cut in the official cash rate to 4.00 per cent to be appropriate. The Board will continue to monitor information on economic and financial conditions and adjust the cash rate as necessary to foster sustainable growth and low inflation.
at 7:54 PM