Nick Goodall

You've sort of hypothesized, I suppose, that you could maybe see this as a good thing, still some growth, but not as strong.

And so there's still obviously required support for the economy, which

for anyone, the housing market can be seen as a good thing.

Do you want to talk us through that?

And I think ultimately get us to a position where, you know, how do you think the Reserve Bank will read this?

One of the things I've been noting more recently or coming up is that both the Governor Anna Bremen and the Chief Economist Paul Conway from the Reserve Bank are speaking tomorrow at an event.

It's the first time we will have heard from them officially since the conflict in Iran.

So I'll be watching and paying close attention to those speeches.

and see how much they acknowledge that and how they're going to read on that one.

But prior to that obviously happening, we need to get our position on it and what we think they're going to say.

So yeah, tell us about the sort of economic release, your read on it, how you think Reserve Bank will respond to it, and some of the key things that you're focusing on as to how they might make their decisions based on that result itself and some of the more recent releases that have come out in the economy as well.

Yeah, it's really interesting, right?

And I think every time we're going to talk about this, it's all going to come down to how long this conflict goes on.

And unfortunately, over the last week, it's like every day it feels like it's going to go longer than we thought the day before.

So that's obviously not good.

Does that mean, do you think, that there's more chance that the broader inflation impacts of higher growth

oil prices are going to flow through to other parts of the economy or do we still sit in this position where because we're paying more into those things that are affected by higher oil prices so there's less in other areas which is going to you know reduce inflation of those things and obviously the economy as you talked about with it being weaker there's downward pressure on that

How do you sort of balance those two things up?

I'm pretty sure it's the same conversation we had last week.

And you sort of took more in our conversations about these second round impacts of inflation as well.