Concluding 2 paragraphs: "In the various........>

RBA: Concluding 2 paragraphs: "In the various scenarios considered by the Board,

inflation remains below 2 per cent over the next few years. In the March quarter

just passed, CPI inflation rose to 2.2 per cent, but it is expected to turn

negative temporarily in the June quarter, due to falls in oil prices, the

introduction of free child care and deferrals of various price increases.

Further out, in the baseline scenario inflation is 1 to 1.5 per cent in 2021 and

gradually picks up further from there. Given this outlook, the Bank will

maintain its efforts to keep funding costs low in Australia and credit available

to households and businesses. The Board is committed to do what it can to

support jobs, incomes and businesses during this difficult period and to make

sure that Australia is well placed for the expected recovery. The Board will not

increase the cash rate target until progress is being made towards full

employment and it is confident that inflation will be sustainably within the 2-3

per cent target band."