There is nothing in the today's policy/forecast report from the Reserve Bank of Australia to suggest it's getting closer to raising interest rates. Near-term inflation forecasts have been trimmed and the expected peak in GDP growth has also be lowered.

That as unemployment is set to fall to 5% by the end of 2020. Combined with the prospect of a global slowdown that year as US fiscal stimulus fades, it's going to be some time before the RBA comes off the sidelines, says WSJ.