RBA responses coming in ... "no substantive change"

The Reserve Bank of Australia Statement on Monetary Policy is here: RBA Statement on Monetary Policy (SOMP) - GDP forecasts little changed

Also:

• How much longer will the RBA be content with inflation below target?

and

• RBA responses coming in ... "significant policy implications"

This via ANZ, in brief (the note is long and detailed), bolding is mine:

• growth outlook is "little changed"
• unemployment rate is expected to fall to 5¼% by Dec 2019
• Inflation is expected to be a touch lower than previously estimated ... Despite this the Bank explicitly states that, "the assessment of pricing pressures in the near term has not changed.

And:

• The November Statement on Monetary Policy (SoMP) contained no substantive shift to the RBA's assessment of the economic outlook

ANZ's take is in contrast to WPAC, which saw

• significant policy implications