• will adjust policy as needed to foster sustainable growth
  • AUD at high level.. could fall further
  • sees economy adjusting to lower levels of mining investment
  • unemployment rate has edged higher
  • inflation to remain in target over next 1-2 years
  • further effect of past easings expected over time
  • inflation has been consistent with target
  • labour cost moderating. expected to do so over next 2 years

No direct talk of further easing so Aussie getting a lift despite the mention of policy adjustment as needed and saying aussie could fall further maintaining some dovish tones

AUDUSD higher at 0.9013 from 0.8981 pre-announcement

Full statement here