Post on the Reserve Bank of Australia minutes (March meeting) is here
Bloomberg with their recap now, which is not much different to mine, but worh a read
RBA Warns Over Housing Risks, Debt as Global Reflation Emerges
- The RBA has been willing to tolerate inflation below its target to avoid adding rate fuel to the east coast property markets, aided by economic growth forecast to accelerate to 3 percent this year and unemployment holding below 6 percent.
- But in the intervening period between the March 7 meeting and today's release, the jobless rate jumped to 5.9 percent from 5.7 percent, while policy makers were already concerned about the real strength of the labor market.
More from Bloomberg at the link
