Saw welcome improvement in world economy, number of central banks more positive
"Nevertheless" domestic labour, housing markets continued to warrant careful monitoring
Repeats a rising A$ would complicate economic rebalancing
Data suggest gdp growth increased in Q2, household consumption picked up
Jobs data positive, provided further confirmation of improvement in labour market
Recent rise in employment to support household incomes, spending
Fiscal policy to be more expansionary in 2017/18 than previously expected
Stronger infrastructure spending to have significant positive spillovers to economy
Too early for tighter lending rules to have full effect on housing market
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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