RBA SoMP: GDP, inflation forecasts little changed

The RBA’s Statement on Monetary Policy (SoMP), issued quarterly, has been published, with the Central Bank failing to provide fresh clues into monetary policy.

Key headlines 

RBA: gdp, inflation f'casts little changed vs aug 

RBA: policy: leaving cash rate unch was "appropriate" 

RBA: reasonable prospect for achieving medium-term infla target 

RBA: underlying cpi to pick up gradually to 2% by fcast end 

RBA: china growth outlook remains key source of uncertainty 

RBA: policy shows labor, hsg mkt main input in rate decision 

RBA: lowers outlook for household consumption growth 

RBA: h'hold consumption,savings decision among uncertainties 

RBA: no reference to aud as key uncertainty in rba policy 

RBA: appreciating aud could complicate econ rebalancing 

RBA: global infla risks more balanced, but among uncertainties 

RBA: hsg mkt source of uncertainty to infla, consumption 

RBA: revised dnward employment growth fcast, jobless edge dn 

RBA: recent comm price rises could add to inflation pressures 

RBA: spare capacity in labor market likely for some time 

RBA: low headline infla one key influence on low wage growth 

RBA: domestic cost pressures remain subdued on wage, rent