While the RBA might engage in occasional bouts of jawboning, we see little prospect of the RBA moving in either direction for some considerable period. That, indeed, was the main message out of yesterday's monetary policy statement.

I am not going to be no senorita' - on the prospect of moving to Spain.

Oil-sensitive sectors continue to weaken, led down by retailing, wholesaling and transport,

The story is one of continuing boom conditions in mining and very strong nonresidential construction activity. The Reserve Bank is still very much on hold, watching both the inflation outlook and domestic demand.

The story is one of continuing boom conditions in mining and very strong nonresidential construction activity, ... The Reserve Bank is still very much on hold, watching both the inflation outlook and domestic demand.

There was continuing strength in mining, equipment manufacturing, nonresidential construction and utilities. Against that, residential construction, parts of agriculture and both wholesale and retail report poor and falling business conditions.