This assessment will take into account a wide range of information, including measures of labor market conditions,
indicators of inflation pressures and inflation expectations, and readings on financial and international developments.
Since that time, while domestic
sources of inflation pressure have evolved broadly as expected, there has been a further net appreciation of the Australian dollar.
Friday's employment report further strengthens the case for delay both by adding to the evidence on the
absence of inflation pressures and by suggesting a less robust economy than most expected.
Moreover, the Consumer Price Index doesn't tell the whole
story of inflation pressures — retail gasoline prices rose 9.9 % during 2011, for example.1, 2
In determining how long to maintain a highly accommodative stance of monetary policy, the Committee will also consider other information, including additional measures of labor market conditions,
indicators of inflation pressures and inflation expectations, and readings on financial developments.