RBA Minutes: sees `considerable uncertainty' around wage pressures

The RBA minutes were released and the AUD/USD has dropped over 10 pips on the release.

RBA minutes headlines as follows: 

RBA minutes: Consumption growth likely to be lower in 3q than 2q.
RBA minutes: Sees `considerable uncertainty' around wage pressures.
RBA minutes: Growth in public/non-mining investment expected to pick up.

Further key headlines as follows:

RBA minutes: Board judged steady policy consistent with inflation, growth goals.
RBA minutes: Considerable uncertainty" on how quickly wages might pick up, add to inflation.
RBA minutes: Pass-through to inflation could be delayed by many factors including retail competition.
RBA minutes: Competitive pressures on retail margins and costs expected to last for some while.
RBA minutes: Board discussed global trend of wages growth lagging unemployment.
RBA minutes: Any further rise in A$ would slow expected pick-up in inflation, economy.
RBA minutes: Local labour market had been surprisingly strong, above-average jobs growth likely to continue.
RBA minutes: Rising participation meant jobless rate to fall only slightly to 5.25 pct by end 2019.
RBA minutes: RBA saw more upside risks to non-mining business investment, infrastructure spending a boost.
RBA minutes: RBA expected GDP growth of around  3 pct over next few years, subdued productivity.
RBA minutes: Noted importance of data and "evidence-based policymaking" in lifting productivity.
RBA minutes: Housing market had eased in all major cities, still relatively strong in Melbourne.