- Risks to global outlook still on downside
- Chinese growth has stabilized
- Full effect of earlier measures yet to be observed
- Easier policy to help foster sustainable growth
- $A still higher than might be expected
- Signs easier policy starting to work
- Inflation to stay in target next 1-2 years
- Expects Unemployment to edge higher, contain wage costs
- Growth running close to trend
- Better sentiment reflects Europe progress
AUD/USD 1.0448
