- Current monetray policy appropriate
- Global financial conditions remain accomodative
- Longer term inflation expected to rise though high A$ will help contain it
- CPI inflation should remain close to target over year ahead
- Overall growth at trend or higher, further growth in employment expected
Pretty much as expected. The RBA is seemingly not worried about the level of the A$ as it helps in fighting inflation. No extra hawkishness as far as I can see so I’d say we stay on course for an extended hold with possible hike later in the year.
