Expected increase in underlying inflation still quite gradual due to low wage growth, heightened retail competition, low home rental growth

Wage growth unlikely to slow any further but will remain low

Forecast for unemployment rate implies ongoing spare capacity in labour market, likely to constrain wage growth going forward

Household income growth likely to stay weak, making it hard to be certain about future pace of consumption growth

Further signs emerging that slowdowns in mining states - Queensland, Western Australia - are coming to an end

If commodity prices do not fall as far as anticipated the impact on growth, employment could be greater than assumed in the forecasts

Residential investment will contribute less to growth in the period ahead than it did in the recent past

Difficult to know if and when a stronger and durable recovery in non-mining business investment might take hold

Stage higher commodity prices are not expected to add "materially" to domestic demand

Recent regulatory measures likely to lead to "some slowing" in housing credit growth