At its meeting today, the Board decided to leave the cash rate unchanged at 1.50%.
- Above-trend growth is expected in a number of advanced economies, although uncertainties remain.
- The rise in commodity prices over the past year has boosted Australia's national income.
- Headline inflation rates, having moved higher over the past year, have declined recently in response to lower oil prices.
- Wage growth remains subdued in most countries, as does core inflation.