We are not ruling anything in or out on policy. • We still think risks are balanced. • What we're really looking for is data that assures that inflation is coming back to target. • We've had good news so far on inflation but it still has a '4' in front of the the inflation rate. • We don't want inflation expectations to rise. • Tax cuts are not a material issue for inflation and spending. • We need to be sure we won't have to backtrack on inflation. • I feel we are potentially on the narrow path to getting inflation back to target, cites 2.8% 2025 inflation forecast. The Australian dollar is at the highs of the day ... (full story)