- Most prudent course likely to be a period of stability for rates
- Policy must take into account risk of further large build-up in home prices
- Members observed additional speculative demand could amplify property price cycle
- Members noted there had not been a general easing in mortgage lending standards to date
- Members judged current policy stance contributing to sustainable growth
- AUD remained above most estimates of its fundamental value
- Iron ore prices had declined noticeably over the past month
- Signs of pick up in labour demand, but some time before jobless rate declined consistently
- Mining investment little changed in q2 but should fall significantly over the next year
- Degree of spare capacity in labour market apparent in the slow growth of wages
- Recent chinese data consistent with official gdp target of 7.5 pct
- Conditions in Сhina's residential property market remain a risk to outlook for Сhina