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- RBA says increased confidence on growth, inflation on stronger near-term global outlook and terms of trade
RBA says increased confidence on growth, inflation on stronger near-term global outlook and terms of trade
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Expected increase in underlying inflation still quite gradual due to low wage growth, heightened retail competition, low home rental growth
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Wage growth unlikely to slow any further but will remain low
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Forecast for unemployment rate implies ongoing spare capacity in labour market, likely to constrain wage growth going forward
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Household income growth likely to stay weak, making it hard to be certain about future pace of consumption growth
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Further signs emerging that slowdowns in mining states - Queensland, Western Australia - are coming to an end
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If commodity prices do not fall as far as anticipated the impact on growth, employment could be greater than assumed in the forecasts
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Residential investment will contribute less to growth in the period ahead than it did in the recent past
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Difficult to know if and when a stronger and durable recovery in non-mining business investment might take hold
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Stage higher commodity prices are not expected to add "materially" to domestic demand
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Recent regulatory measures likely to lead to "some slowing" in housing credit growth
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