Michael Blythe Growth Quotations

It's on the side of the ledger for a tightening bias. But with uncertainty about global growth and oil prices, the bank isn't likely to move rates anytime soon.

Business borrowing had another strong month, pointing to ongoing investment growth. Investment again looks set to support economic growth this quarter.

Signs of slowing growth and wages moving sideways rather than picking up, and of course the currency showing some signs of life, suggest that the Reserve Bank has probably administered enough monetary medicine for the time being.