Low household income growth, high debt posed risks to outlook for consumption
Wage growth to remain low for some time, noted isolated reports of higher pay deals
House prices rising briskly in some markets, tentative signs pressure starting to ease
Members noted would take time for tighter bank lending standards to impact housing market
Important to maintain close cooperation with other regulators, especially APRA
Discussed how financial stability affected monetary policy, reviewed experience in U.S. and Sweden
Recent faster pace of jobs growth to continue, but underemployment still high
Repeats a rising AUD would complicate economic adjustment
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