Prior 3.85%Inflation has continued to moderateWith the cash rate 50 bps lower than five months ago and wider economic conditions evolving broadly as expected, RBA judges that it could wait for a little more information to confirm that inflation remains on track to reach 2.5% on a sustainable basisThe outlook remains uncertainVarious indicators suggest that labour market conditions remain tightThere are uncertainties about the outlook for domestic economic activityThere are also uncertainties regarding the lags in the effect of recent monetary policy easingStatement details to follow.. This article was written by Justin Low at www.forexlive.com.