29 Quotes by Jarrod Kerr

Exports are struggling to get traction. The monthly report highlights the capacity constraints in Australia. We need a lot more capital investment to alleviate the bottlenecks. Exports will continue to take away from GDP in the third quarter.

The good news is the surge in business investment is laying the groundwork for improved growth. This is what the central bank wants and so they will stay on the sidelines.

The probability of rate cuts this year is very high and we see 100 basis points of easing starting in July or September.

We don't think there is anything to warrant a rate move from the central bank. Even though building approvals rose in November, housing is still in correction mode.

Corporate spending, particularly in mining, has replaced household spending and home building as the principal driver of growth in the economy. It will also alleviate capacity constraints in the economy.

Employment is likely to be much weaker going forward and the jobless rate will keep rising as the economy cools. Interest rates are on hold.

There's no need for the central bank to raise interest rates again.

These reports provide further reasons for interest rates to remain on hold.

The much-needed rotation in the sources of Australia's economic growth away from consumer spending and home building is well under way.