Ella 
On Monday, Reserve Bank of Australia Assistant Governor (Economy) Marion Kohler spoke at a conference on Australia’s economic outlook.
The downward trend in inflation will be slower than previously expected.
The process of returning inflation to target may be longer.
Inflation originating in Australia has been widespread and declining slowly.
Demand remains strong, allowing companies to pass on higher costs.
Wage growth has accelerated but now appears to have broadly stabilized.
The main risk is that the current high level of inflation could affect inflation expectations.
Encouragingly, measures of medium-term inflation expectations are matching the target.
Labor market conditions are moderating but remain tight.
At press time, AUD/USD was trading at 0.6363, up 0.05% on the day
