Nick Goodall
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the communication style, some of the guidance on the future, not just what the forecasts say, but maybe how the governor talks about the future as well, how she talks about what their expectations are, how they're reading things, or what are the uncertainties, how they read global impacts as well.
So it's going to be an intriguing statement for that reason.
Where do you sit now?
Given your tracking, I suppose, of the Reserve Bank since the new governor's come in, how she might give a read of this?
How much might their forecast change?
Do you expect to see them put an increase slated in there for this year?
Or do you think they'll stay strong and know they want to have that
that message to market of lower interest rates for longer to provide that certainty to ensure the market doesn't start pricing and those interest rates rises sooner, which then starts to see mortgage rates rise.
Where do you kind of sit now trying to predict Wednesday afternoon?
language and you know just an interest in having a new governor what her style will be these sorts of things so um yeah it doesn't it doesn't make it any less intriguing no of course i think yeah for the official forecast they like i said they probably won't change too much the inputs haven't you know been too wildly different to previous or three three months ago when these were last updated and they're done by you know policy modeling teams you know
analytics teams within the bank as well it's not like a new governor is going to come and change their model um in three months time so i suppose the numbers will be pretty consistent and there's certainly you know and any change there i suppose we can't exactly pin on the new governor but it's more about like say that communication style the wording you know maybe it's a job where we get the old monetary policy statement the new monetary policy statement we whack them into gemini and get it to evaluate the difference and see if there's a difference in in tone and and the way they speak about things and as you said actually maybe watching the conference itself
because that's where you get to hear directly from the governor herself rather than just reading somehow someone else's read on it or what someone else has picked out of it.
So, yeah, I think they usually record an hour after the statement comes out.
So that's probably 3 p.m.
on Wednesday.
Our plan is to record a podcast in response to this too.
It'll probably be recorded prior to 3 p.m.
Usually we have a quick look at those forecasts.
have a decent read over the statement itself and then try and record to get that out as soon as possible.
That'll be the plan this time around too.