Simeon Brown

speaker
439 appearances 8 recordings 2 series first heard Apr 2026 last heard yesterday

Simeon Brown’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
3 · Apr OctJan 26AprJulnow

Recordings per month over the last 12 months — 8 in all, peaking in Apr 2026 with 3.

Appearances

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But you're also risking clearly kneecapping not only an economic recovery, which just has disappeared, but sort of knocking the economy while it's down.
I mean, that is an awful set of circumstances to try and make a decision for.
Well, this is where I probably slightly disagree with ANZ's assessment.
They've sort of said, look, three will be enough because of how weak the economy will be elsewhere.
I'm not so sure.
And I only say that because you look at even the last 18 months, the economy has been weak.
It certainly hasn't been firing on all cylinders.
And we've still seen businesses on average that have been passing through price increases time and time again.
So I'm not sure 3% will be enough.
I hope it is, but I'm just not sure.
Oh, 100%.
But also, this is also a legacy, right, of effectively having too much monetary policy for such a long time that effectively that pricing discipline broke down.
And I think you've sort of hit the nail on the head.
This is what we've been banging on about for about a year.
You go back sort of mid-2010s or so.
When people were facing, as a business, higher pricing pressures themselves, what did they do?
The first thing they looked at was efficiencies.
How can we try and figure this out within the business?
whereas now more of the default position seems to be, well, I've been whacked with higher input costs, therefore I'm going to pass them on.
Now, I'm not saying that that's wrong in business, but it really is a change of tune from, say, a decade ago.
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