We now expect the first interest rate cut to be October. - Brendan O'Donovan Quotes
We now expect the first interest rate cut to be October. Brendan O'Donovan
 

More - Brendan O'Donovan Quotes

The consumer has already slowed markedly. By June, the economy will have experienced negligible growth for a full year. - Brendan O'Donovan Quotes

The consumer has already slowed markedly. By June, the economy will have experienced negligible growth for a full year.

Brendan O'Donovan

 Economy
We will be faced with a year and a half of virtually no growth in this economy. - Brendan O'Donovan Quotes

We will be faced with a year and a half of virtually no growth in this economy.

Brendan O'Donovan

 Economy
The deterioration in the trade balance appears to be being arrested -- a lower currency and weaker domestic activity will go a long way to improving the current account situation, but it will take some time to show through. - Brendan O'Donovan Quotes

The deterioration in the trade balance appears to be being arrested -- a lower currency and weaker domestic activity will go a long way to improving the current account situation, but it will take some time to show through.

Brendan O'Donovan

 
The first of those risks prompted the bank to tighten late last year when the housing market threatened to take off once more. However, it is the risk of a monetary policy-induced slump that looms larger. - Brendan O'Donovan Quotes

The first of those risks prompted the bank to tighten late last year when the housing market threatened to take off once more. However, it is the risk of a monetary policy-induced slump that looms larger.

Brendan O'Donovan

 
The slowdown is here with all the subtlety of an uppercut. - Brendan O'Donovan Quotes

The slowdown is here with all the subtlety of an uppercut.

Brendan O'Donovan

 
We will be faced with a year and a half of virtually no growth in this economy. We should not have had interest rates ever getting to 7.25 percent. The monetary policy cycle is far too aggressive. - Brendan O'Donovan Quotes

We will be faced with a year and a half of virtually no growth in this economy. We should not have had interest rates ever getting to 7.25 percent. The monetary policy cycle is far too aggressive.

Brendan O'Donovan

 Economy
We are in spitting distance of recession, if not already sitting in it. - Brendan O'Donovan Quotes

We are in spitting distance of recession, if not already sitting in it.

Brendan O'Donovan

 
But other indicators suggested that consumers think that the good times are coming to an end. - Brendan O'Donovan Quotes

But other indicators suggested that consumers think that the good times are coming to an end.

Brendan O'Donovan

 Consumers
This outcome (0.2 per cent growth) makes it more certain the Reserve Bank has finished lifting rates. - Brendan O'Donovan Quotes

This outcome (0.2 per cent growth) makes it more certain the Reserve Bank has finished lifting rates.

Brendan O'Donovan

 
When the housing market goes, there will be little left to sustain the economy in the short-term because it will take time for the lower currency to benefit the economy. - Brendan O'Donovan Quotes

When the housing market goes, there will be little left to sustain the economy in the short-term because it will take time for the lower currency to benefit the economy.

Brendan O'Donovan

 Currency Economy Housing Market
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