From michaelwest.com.au: Reserve Bank Governor Michele Bullock warned that Australia’s progress on inflation could be jeopardized by uncertainties in the economic outlook, despite recent signs of inflation slowing and strong employment growth.

The board has decided to slightly ease monetary policy for the first time in four years, but concerns remain regarding high inflation and its impact on vulnerable households.

Some economists have criticised the board’s decision to cut rates, arguing that underlying inflation remains too high and that the labor market’s tightness could further contribute to inflationary pressures.