another rate cut next tuesday?

''On the back of a record downgrade to capital spending plans, the Reserve Bank of Australia is likely cut its official target cash rate back to the April 2009 low of 3 per cent when the board meets next Tuesday. Market pricing for a December rate cut jumped to 74 per cent in the wake of Thursday’s data.''


http://afr.com/p/blogs/christopher_joye/december_rate_cut_firmly_in_frame_3ClrejIZh89Yo8apMlVOMI