Reserve Bank of Australia’s deputy Governor, Debelle, pointed out to the following issues in his speech:
Falling housing prices are coming to an end and this could be consumer protection.
The cost of living appears to have accounted for about half of the tax refunds.
We do not expect more than one wage increase. The employment rate is also at a reasonable level.
Chinese stimuli have thwarted the impact of trade disputes on Australia. But their trade disputes with the US in general have led to uncertainty for global business.
The impact of technology disputes will be more than the impact of tariffs.