Following are the key headlines from the May RBA monetary policy statement, via Reuters, as presented by Governor Phillip Lowe.
Board will not increase cash rate until actual inflation is sustainably within 2-3% target range
Central scenario for GDP growth has been revised up further, with growth of 4 ¾ per cent expected over 2021 and 3 ½ per cent over 2022
Wages growth will have to be material higher than it is currently
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