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Risk assessment around the inflation forecast was “broadly balanced”
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The likelihood of economic growth in the next few quarters rising
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The growth of the Australian dollar may complicate economic growth
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Commodity prices have increased significantly
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Upward revision of trade prospects are positive for the economy
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The expected rate of unemployment decreased, but underemployment is still elevated
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Some signs of rising wages stabilized, but there is considerable uncertainty about the strength of the labor market
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Much of the uncertainty surrounding the consumption of households, especially the heavily indebted
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Housing prices have increased markedly in Sydney and Melbourne
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Sales of housing and lending slowed
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