Title page
Contents
Chair's foreword 3
Membership of the Committee 7
Terms of reference 8
Abbreviations 9
1. Introduction 10
Background 10
Scope and conduct of the review 11
2. Monetary policy and other issues 12
Overview 12
The cash rate and monetary policy 13
Forecasts 16
Population growth 18
Business and the labour market 19
Wages growth 21
Investment and infrastructure 23
Household sector 24
Trends in the global economy 26
US fiscal and trade policy 26
Other issues 28
Royal Commission 28
Council of Financial Regulators 29
Conclusion 30
Appendix A. Hearing, briefing and witnesses 31
Appendix B. Seventh statement on the conduct of monetary policy 32
Table 1. Output Growth and Inflation Forecasts 16