Following are the key headlines from the July RBA monetary policy statement (via Reuters):
Low rates are supporting the economy.
Steady policy consistent with growth, inflation targets.
Business conditions are positive.
Inflation likely to remain slow for some time.
CPI inflation expected to be a bit above 2% in 2018.
Housing markets have slowed in Sydney, Melbourne.
Household consumption remains a source of uncertainty.
Household income has been growing slowly and debt levels are high.
Wage growth remains low, likely to continue for a while.
The rate of wages growth appears to have troughed.
AUD remains in the range of past couple of years
AUD has fallen a little.
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