13 Quotes by Brian Redican

GDP is looking a lot weaker than we had anticipated and that should keep the Reserve Bank on hold for a fair while.

The household sector has really gone into its shell. We do expect to see new capacity come on stream in the mining sector, and that should support exports.

The current slowdown in consumer spending reflects factors such as slower employment growth, higher petrol prices, higher interest repayments and a slower housing market.

The market has been trying to push a rate cut, but the Governor has remained steadfast, saying there is no scope for lower rates. The Reserve Bank does have a tightening bias and is concerned by wages pressure.