Glenn Stevens again repeated the idea that the outlook for inflation is quite admits the possibility of further measures to weakening the monetary policy, provided that there will be a need for maintain demand.

The figures are within the inflation target range set by the RBA, which is 2-3%. At the same time, the survey shows that the income and inflation expectations remain moderate despite the fact that the RBA keeps easing its monetary policy along with keeping interest rates around historical lows.

May’s inflation report gives the RBA an opportunity to continue the monetary easing program. The rate of inflation was moderate – 0.2% in May.

Australian dollar continues to be under pressure of internal factors, consider in ANZ.