Sources: Bloomberg; RBA; Yieldbroker  The smaller depreciation of the Australian dollar in trade-weighted terms than against the US dollar is important because the TWI typically has a greater bearing on our imported inflation than any one bilateral rate. [9] The Bank’s models suggest the depreciation will contribute to a higher level of consumer prices in Australia.
The Bank has been conducting powerful monetary easing under the framework of “Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control” introduced in September 2016.