Via the AFR today:
While the conventional view, particularly among the big four banks, is that the Reserve Bank is firmly on hold this year and through most of 2018, Goldman Sachs Australia chief economist Andrew Boak believes the economy could weather a stronger currency following an official rate increase.
“It’s hard to find too many businesses that are struggling under the currency at current levels – you’re not seeing it weighing on survey results, confidence levels are elevated, and PMIs are high,” he said.
