Part 4/5:
The RBA's outlook remains cautious. While the central bank believes that the economy is expected to recover in the long run, it also warns that the global economic landscape remains unpredictable. Factors such as international market volatility and geopolitical tensions contribute to this uncertainty.
The bank indicated that its future monetary policy decisions will continue to be data-driven, carefully balancing the need to keep inflation low and stable while supporting employment growth. The RBA's primary focus is on maintaining flexibility, suggesting that the cash rate could potentially be adjusted further if economic conditions warrant it.