They explain that following the Reserve Bank meeting in August 2018, the cash rate was left unchanged at 1.5 per cent, as it has been since August 2016.
The standard variable rate stands at 5.2 per cent as it has since July 2017.
According to the RBA, the global economic expansion is continuing.
The RBA expects GDP growth to average a bit above 3 per cent in 2018 and 2019.
Business conditions are positive and non-mining business investment is continuing to increase.
On the other hand, household income has been growing slowly and debt levels are high.
The drought has led to difficult conditions in parts of the farm sector.
The outlook for the labour market remains positive.
The vacancy rate is high and other forward-looking indicators continue to point to solid growth in employment.
Employment growth continues to be faster than growth in the working-age population.
A further gradual decline in the unemployment rate is expected over the next couple of years to around 5 per cent.
Over the past year, the CPI increased by 2.1 per cent.
Housing credit growth has declined to an annual rate of 5.6 per cent.
This is largely due to reduced demand by property investors as investor credit growth declined to 1.6 per cent in June.