cash rate

The RBA is alert to the possibility that eventual rate cuts might spur risky borrowing by already-heavily-indebted households.

The public sector has accounted for all the growth in GDP over the past year and made the largest contribution to strong jobs growth.

History suggests that the RBA finds it very hard to fine-tune the economy.

Rising unemployment has almost reached the "Sahm rule" threshold that has historically been a useful guide to US recessions.

Continued economic weakness has seen the RBNZ open the door for considering rate cuts this year.

Underlying inflation is proving more persistent than the RBA had expected.

A policy rule still points to a slow/shallow rate cut cycle in the US, steady rate cuts in the EA, and that the RBA should hiked a bit more.

The consumer looks in better shape than the RBA had feared, with spending revised up as households tap still-substantial excess savings.

Unemployment has picked up, but the labour market remains tight with the RBA raising its estimate of the NAIRU.

The RBA thinks rates are at the right level to to return inflation to target, but discussed hiking today and warned on upside risks.