Thanks guys. D59, I concur with others here - can't see anything more than a 0.25% cut today because anything more would suggest the RBA has completely misjudged the pace of the economy. Larger cuts only come in extreme circumstances (ie, the GFC) and I don't think current circumstances qualify. We're much more likely to see a strong hint at another cut next month. Unless China's manufacturing seriously surprises to the upside, I'm leaning towards a sell-the-news day. But anything can happen!