Keeping the cash rate unchanged for a tenth consecutive month, Reserve Bank Governor Philip Lowe again highlighted concerns about weak wages growth and a patchy housing market.
"As long as the RBA can attribute quarter-to-quarter volatility in GDP outcomes to unusual weather - higher-than-is-usual rainfall in eastern Australia in the first quarter, Cyclone Debbie in the second quarter - RBA neutrality is likely to persist for some time yet", said JPMorgan rates strategist Sally Auld. Net exports likely to have subtracted 0.7ppt from Q1 GDP growth.
The cash rate has been on hold for 10 consecutive months since August a year ago, when the RBA slashed rates to combat weaker-than-expected inflation.
"Slow growth in real wages is restraining growth in household consumption", he said.
The Australian dollar rose, buying 74.90 U.S. cents at 2:58pm in Sydney compared with 74.74 United States cents prior to the decision.
Wide variations in the housing market have also contributed to uncertainty in the economy.
Audit: Millions of Trump's Twitter followers are fake
Only Trump and perhaps some collection of his advisors know for certain if this president bought any of his 31 million followers. The president experienced an increase of 2.3 million followers in May, adding approximately 573,000 followers each week.
"[House] prices have been rising briskly in some markets, although there are some signs that these conditions are starting to ease", Dr Lowe said. Inflation is forecast to increase gradually as the economy strengthens.
The surging prices are widely seen as being behind the RBA's decision to hold off on further rate cuts owing to worries it would stoke more debt-funded speculation and push the cost of housing even higher.
"If anything, economic performance and risks still suggest there should be an easing bias and property markets/debt accumulation suggest a tightening one", Mr Joiner said.
All 24 economists polled by Bloomberg expect the cash rate to remain at 1.50%, with financial markets ascribing a next-to-nothing chance of a move in either direction.
"They are going to overlook the slowdown in GDP as a temporary blip".
As far as consumer prices go, the central bank's expectations are largely being met. Headline inflation returned to the bottom end of the RBA's 2% to 3% target in the first three months of the year after spending nine quarters below it, but the key core measure is yet to catch up.
Paul Dales, chief Australia and New Zealand economist at Capital Economics, downgraded his GDP forecast for Australia to a 0.5 percent quarter-on-quarter contraction.
US officials also said Venezuela's government may not be able to depend much longer on deals like the one with Goldman Sachs. Goldman Sachs is continuing to be the focus of Venezuelan anger - at least for critics of the country's president.
This decision will likely disappoint Israel supporters but gives the president a better chance of reaching a peace deal. The official also defended the fact that Trump not moving the embassy was breaking a key campaign promise.
While the speakers wouldn't go on sale until later this year, they could be announced in June at Apple's developers' conference. But, Mark Gurman reported that, "Apple's speaker won't include such a screen, according to people who have seen the product".
Lodestar Investment Counsel LLC IL's holdings in The Coca-Cola were worth $5,974,000 as of its most recent SEC filing. The institutional investor owned 76,892 shares of the company's stock after selling 13,138 shares during the period.
Phil Mickelson has announced that he will miss this year's US Open to attend his daughter's High School graduation. Amanda was born a day after the US Open at Pinehurst in 1999, when Mickelson finished second to Payne Stewart .
There is no indication Kushner is now a target of the FBI's probe, and there are no allegations he committed any wrongdoing. At the time , a White House official dismissed it as a brief courtesy meeting. "We're not going to comment on Jared".
But Trump immediately railed against administration leaks in a flurry of tweets Sunday, calling them "fabricated lies". Congressional Democrats have demanded to hear directly from Kushner about the allegations against him, CBS reported .
Lisa Wood, whose father was on the plane, said a "lunatic" announced that he had "a bomb" about 20 minutes into the flight. The man who tried to enter the cockpit was reportedly subdued by other passengers, according to social media reports.
I was wrong", she tweeted . "My children, especially my 11 year old son, Barron , are having a hard time with this", he added. Chelsea Clinton, daughter of Trump's one-time campaign rival Hillary Clinton, called the photo " vile and wrong ".
Vancouver businessman among the victims in Manila attack
Albayalde said Carlos had a bank account with an outstanding debt of P4 million, and several other non-bank related debt. Carlos' distraught mother, Teodora, wept and asked for forgiveness . "We're asking for your apology".
Klizan in French Open handshake row ahead of Murray clash
He dropped further behind the baseline and allowed Kuznetsov to dictate while clapping and grinning sarcastically towards his box. Just 4-4 this clay season and with only one title this year, Andy Murray admits it's been a tough start to 2017.
Netflix CEO Pushing Creative Team to 'Take More Risks'
The annual budget for Netflix originals is already $6 billion for 2017; the idea that it will grow even more is pretty wonderful . The controversy drew attention and may mean that people will know about a movie that they may never have discovered or watched.
EU President warns Trump against Paris climate deal exit
Speaking in Berlin about the Paris climate change accord, he said that "China in recent years has stayed true to its commitment". Obama had made efforts during his administration to reduce USA emissions in an attempt to avert catastrophic climate change.
Gunshots and explosions at Philippine mall
The Philippines has been grappling with incidents of terrorism, especially on the southern island of Mindanao . Several people were seen injured, but police and Resorts World management have yet to give details.
MLB expected to reduce Harper's suspension by 1 game
The bad blood between the two stemmed from a pair of home runs Harper hit off Strickland in the 2014 playoffs. "I don't know. After being hit in the hip by a pitch from Giants' reliever Will Strickland, Harper charged the mound and a brawl ensued.