Alan Oster Quotes

While the RBA might engage in occasional bouts of jawboning, we see little prospect of the RBA moving in either direction for some considerable period. That, indeed, was the main message out of yesterday's monetary policy statement. - Alan Oster

While the Australian economy continues to report sub-trend growth, the December results reinforce the point that it is still performing reasonably well. Conditions improved in December, driven by stronger-than-expected trading and profitability. - Alan Oster

This says to me that interest rates are firmly on hold. This economy is slowing down and there may be a bit more weakness to come. - Alan Oster

There was continuing strength in mining, equipment manufacturing, nonresidential construction and utilities... Against that, residential construction, parts of agriculture and both wholesale and retail report poor and falling business conditions. - Alan Oster

The story is one of continuing boom conditions in mining and very strong nonresidential construction activity... The Reserve Bank is still very much on hold, watching both the inflation outlook and domestic demand. - Alan Oster

The Reserve Bank will continue to monitor higher short-term inflation risks from oil against slowing economic activity. While the bank might engage in occasional bouts of jawboning, we see little prospect of rates moving in either direction for some considerable period. - Alan Oster

The pace of economic activity is continuing to moderate. The Reserve Bank is very much on hold, watching both the inflation outlook and domestic demand over the remainder of 2005 and well into next year. - Alan Oster

The near-term inflation outlook will cause the Reserve Bank some short term concern. - Alan Oster

The deterioration in agribusiness contrasts starkly with the ongoing strength in the non-farm business sector as a whole. - Alan Oster

Overall, we still see the official cash rate being increased by around 1.25 percent in total, bring the rate back to around 5.5 percent by mid/early 2003. - Alan Oster

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