RBA minutes: rate change timing here dependent on local economic conditions

The RBA minutes were released and the Aussie dropped a handful of pips with the minute not showing any surprises:

• RBA removes high household debt mention in pol stance judgment 
• Move to higher rate abroad has no direct implication here 
• Economic conditions globally, locally more positive since 2016 
• Asset valuations generally quite high 
• Rate change timing here dependent on local economic conditions 
• Further "Material" AUD rise wouldn't hurt economic activity, inflation 
• Slow wage growth, high household debt could constrain spending 
• Members noted policy had been eased significantly more in other advanced economies 
• Judged steady policy consistent with growth and inflation targets 
• Members discussed importance of risks in household balance sheets 
• Rise in a$ driven by fall in us$, weighing on domestic inflation 
• A "Material" further rise in a$ would result in slower pick-up in growth, inflation 
• Increase in q2 gdp consistent with forecasts for gradual acceleration in growth 
• Public infrastructure spending rising very strongly, last for a couple of years more 
• Data pointed to subdued price pressures across economy in q2 
• Liaison suggested firms absorbing higher energy prices into margins 
• Recent strong jobs growth across states to support household incomes, spending 
• Jobs gains had been well above level needed to absorb population growth 
• Leading indicators pointed to slightly above-average job growth for rest of 2017 
• Labour market still has spare capacity, wage growth to remain low for some time 
• Housing markets had continued to ease in sydney and melbourne