RBA Sees 'Reasonable' Growth Prospects

The transcript discusses Australia's economic outlook, highlighting expected moderate economic expansion and diminishing headwinds from the mining sector. Trade and Investment Minister Steven Ciobo warns of global trade slowdown and commodity price volatility. The Reserve Bank of Australia (RBA) notes uncertainties in the labor and housing markets, with underemployment and low inflation as key concerns. Governor Lowe emphasizes the need to balance inflation targets with employment and financial stability, cautioning against rapid policy changes that could lead to economic overheating.

What is the current inflation target band set by the RBA, and how does it compare to core inflation?

What complexities does Governor Lowe describe regarding the Australian economy?