Statement on Monetary Policy May 2018

The Statement on Monetary Policy sets out the Bank's assessment of current economic conditions, both domestic and international, along with the outlook for Australian inflation and output growth. A number of boxes on topics of special interest are also published. The Statement is issued four times a year.

The May 2018 issue of the Statement on Monetary Policy includes a number of changes to the structure and format of the document to make it easier to read. The new chapter ‘The International Environment’ combines content previously found in the ‘International Economic Developments’ and ‘International and Foreign Exchange Markets’ chapters. This new chapter also includes the outlook for global growth. Section headings within chapters are more narrative in style to provide a guide to content.

• Download the complete Statement 9.07MB

• Overview
  Download 841KB
• The International Environment
  Download 2.73MB
• Box A: Recent Trade Protectionism Measures
  Download 167KB
• Domestic Economic Conditions
  Download 2.05MB
• Box B: The Recent Increase in Labour Force Participation
  Download 188KB
• Domestic Financial Conditions
  Download 1.92MB
• Box C: The Expiry of Interest-only Loan Terms
  Download 234KB
• Inflation
  Download 1.6MB
• Economic Outlook
  Download 1.06MB
• Copyright and Disclaimer Notices
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The material in this Statement on Monetary Policy was finalised on 3 May 2018.

Some graphs in this publication were generated using Mathematica.

ISSN 1448–5133 (Print)
ISSN 1448–5141 (Online)