- below trend growth like;ly to persist in near term
- Policy is appropriate
- $A is uncomfortably high
- private demand outside mining sector expected to increase at faster pace
- Too early to tell if household and business sentiment can keep improving
- Stronger housing and share markets should support investment
- forecast public spending to be quite weak
- borrowing remains relatively subdued
- inflation consistent with target over next year or two
- Full impact of past cuts still to be felt
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Just about all as pretty much expected. About the only thing I think is interesting is their comment that borrowing remains subdued and they see stronger housing market as supporting investment. putting those two together is an indication that are little to no concerns at board level about stronger housing prices at present.
