If the exchange rate pushes inflation expectations permanently higher, the Reserve Bank will have a tough job on its hands. The market is premature in pricing a near-term easing by the central bank.
It was a classic case of when there's a lot of noise, the best thing a central bank can do is nothing.
That in itself will make the bank sufficiently cautious to leave them unlikely to be contemplating rate cuts any time soon.
The central bank is an inflation fighter, not a growth defender. It would be nothing short of negligent for the Reserve Bank to move away from a tightening bias.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.