Data suggest gdp growth increased in q2, household consumption picked up

Underemployment still elevated, wage pressures subdued

Recent rise in employment to support household incomes, spending

Fiscal policy to be more expansionary in 2017/18 than previously expected

Too early for tighter lending rules to have full effect on housing market

Stronger infrastructure spending to have significant positive spillovers to economy

Repeats a rising AUD would complicate economic rebalancing