Today I wanted to speak to you about three topics. I’ll begin with the RBA’s outlook for the Australian economy. We’ve just updated it in last week’s Statement on Monetary Policy. I’ll then discuss our current assessment of spare capacity in the labour market and in the economy. And I’ll round this out by talking about some of the changes we’ve been making at the RBA to enhance transparency. This includes changes to the Statement on Monetary Policy, which we’ve published last week for the first time immediately after the Board meeting. The Statement has also had a makeover, designed to give you new insights into how ... (full story)