No signs of the RBA joining a shift toward a hawkish

No surprise at all that it the cash rate target is left unchanged, the question is how upbeat the Statement from Governor Lowe is.

Headlines via Reuters:
House prices rising briskly in some markets

Indicators of labour demand remain mixed

Employment growth has been stronger over recent months

Some signs housing market starting to cool

Housing debt has outpaced slow growth in incomes

Supervisory measures should help address debt risks

Various forward-looking indicators point to employment growth going forward

Rising a$ would complicate economic adjustment

Economic outlook supported by low rates

Wage growth remains low, likely to continue for a while yet

Inflation expected to increase gradually as the economy strengthens
rba.gov.au/media-releases/2017/mr-17-13.html

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