Reserve Bank of Australia minutes, bolding mine:

  • Judged steady rates consistent with growth and inflation targets
  • RBA board judged labour and housing markets "warranted careful monitoring" in coming months
  • Labour market somewhat weaker than expected, keeping wage growth low
  • Household consumption growth little weaker than expected in early 2017
  • CPI expected to pick up above 2 pct in 2017, core inflation to rise more slowly
  • RBA minutes repeats a rising in A$ would complicate economic adjustment
  • GDP likely expanded at moderate pace in Q1, impact of cyclone Debbie unlikely to be large
  • Commodity prices to boost national income in Q1, but terms of trade to decline from here
  • RBA minutes saw rising risks in household debt, housing markets
  • Tighter regulations to reinforce prudent lending, curb interest-only loans
  • Would take some time to assess effects of new rules, ready to do more if needed
  • Recent data provide more confidence that global growth accelerating broadly
  • Chinese economy appeared to have strengthened; protectionist policies in US still a risk

Headlines via Reuters

If you've been on top of developments with the RBA views none of the above will be much of a surprise at all ... concerns on jobs market, consumption, housing prices .... and of course debt levels ...

A bit more sanguine on global economic growth, China ... and a warning on US protectionism (if it comes)

The Australian dollar comment is simply rinse and repeat


Full text:

Minutes of the April 2017 Monetary Policy Meeting of the Reserve Bank Board