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Evaluating the ultimate paragraph of the Governor’s assertion, which is the place plans for the long run have a tendency to seem (ahead steering … FWIW!)
I am not studying an excessive amount of into the variations … in all probability the primary few phrases are the important thing, from “some additional tightening” to “whether or not additional tightening’. The November use of “whether or not” would appear much less robust by way of extra hikes to return. That’s should you view the RBA as having a lot of a clue about what’s forward. I do not suppose they do. Me both. As somebody very smart (Thomas Carlyle) as soon as mentioned:
- Our fundamental enterprise is to not see what lies dimly at a distance, however to do what lies clearly at hand.
Knowledge dependence, innit?
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