The Australian Financial Review --- Page: 53 : 9 June 2007 Original article by John Edwards
ABIX Summary
Reserve Bank of Australia governor Glenn Stevens will address a gathering in Brisbane on 14 June 2007. The markets will watch his commentary keenly, as it has gained new importance due to the recent low unemployment figures and the recovery of consumer spending at a time when manufacturing and rural output continue to slide. These factors may be enough to trigger an official interest rate rise as early as July 2007, especially if the enterprise bargaining wages increase figures due out on 12 June are also cause for concern about inflation. The central bank will want to bring in any rate rise sooner rather than later, to avoid conflict with the timing of the federal election.
