There's not a lot more to say, especially with the ANZ job ads series trending up for the past five months, the leading indicators for growth still buoyant and the global economy with enough upside momentum to see commodity prices, as measured by the CRB index, at a two year high.
The sensible monetary debate is now focusing on the need for interest rate rises. Exactly when to start delivering them and having a broad strategy for how many hikes will be needed over the medium term is the basis for the discussion.
Quite obviously, the RBA should be hiking in May. The inflation risks are building, growth is powerfully strong, housing is booming and as noted above, global conditions continue to provide a positive backdrop to the export sector which is raking in money hand over fist.
Even blind Freddie can see that a 2.5 per cent cash rate is not appropriate.