PIMCO’s Robert Mead, managing director in the Sydney office and head of portfolio management in Australia:

  • Australian dollar ‘just starting to show some cracks’

(I hope he doesn’t mean like a plumber … I’ll spare you a pic)

  • Sees stable outlook for RBA for ‘extended period’
  • Sees Australia joblessness stay near current level
  • Australia’s rebalancing from mining ‘lackluster’
  • Sees Australia sub-trend growth for couple of years

Headlines on Bloomberg