“Nevertheless, upside dangers stay,” the RBA assertion continued. “Some current labour market information have been unexpectedly robust, suggesting that the labour market could also be considerably tighter than beforehand thought. The central forecast for underlying inflation, which is predicated on the money price path implied by monetary markets, has been revised up somewhat over 2026. So, whereas right this moment’s coverage choice recognises the welcome progress on inflation, the board stays cautious on prospects for additional coverage easing.”