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- RBA minutes: judged steady policy consistent with growth and inflation targets at August meeting
RBA minutes: judged steady policy consistent with growth and inflation targets at August meeting
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Needed to balance risks from high household debt in a low-inflation environment
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Some easing of house prices in Sydney, Melbourne but mortgage credit still outpacing income growth
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Rba says house prices, household debt warranted "careful monitoring"
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GDP growth likely picked up in q2, economy seen growing around 3 pct for 2018 and 2019
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Recent strong employment, hike in minimum wage could support incomes and spending
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Further rise in AUD could lead to slower growth, lower inflation
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AUD had risen amid broad-based decline in the U.S. dollar
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RBA board noted improvement in global economy, particularly in China and euro area
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