Cost of living flat
Further detail today confirming that the real cash rate is not as low as you might think, and can definitely go lower...potentially quite a lot lower.
In part thanks to lower fuel and therefore transport prices the cost of living for employee households didn't increase at all in the first quarter of the calendar year.
The cost of living for age pensioners was also flat in Q1, while for self-funded retirees the cost of living actually fell by -0.4 per cent.
Over the year to March 2016 the cost of living for employee households increased by just +1.1 per cent, and for age pensioners the figure was only +0.8 per cent.