- There is a lot of uncertainty on the global outlook at the moment
- Inflation pressures remain, so need to be careful not to get ahead of ourselves
- Did not explicitly discuss a rate cut today
- Did talk a little about downside risks, including those globally
- It was a consensus decision to keep the cash rate unchanged
- Risk from US tariffs continue to be tied to impact on China and their response
- The impact of tariffs on inflation is less certain
- Many indicators point to labour market still being tight
- Would not put a number on unemployment rate that would indicate it is time to ease policy
This article was written by Justin Low at www.forexlive.com.
