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The Judo Bank / Market Australia flash PMI data is here:
Analysis in that report is from Warren Hogan, Chief Economic Advisor at Judo Bank. Hogan is a very well respected economist in Australia and is worth paying attention to.
From the report, his quick preview of what’s coming up from the RBA:
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I don’t always agree with the analysis I see but I do with this.
As I have said many times before in my own thoughts of what the RBA will do in February, a hike is the only reasonable thing to do given this, from the front page of the RBA website:
The RBA is forecasting inflation to fall, and I’ve seen opinion that this is the basis for the Bank pausing now, i.e. no need for a hike in February. I disagree and, if any of the folks at the RBA are reading this, please recall how poor the bank’s forecasts usually are. Use the data, don’t try to second guess it.
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