I'm not sure if you watched his speech or read it but I saw it on Foxtel yesterday and he didn't say more rate cuts were on the way. He hinted that an easing monetary policy may not be over. Some of the tone and language he used was actually pretty pessimistic regarding the Australia economy. I've not heard him be that pessimistic beforehand. So if we do get another rate cut we might actually really need this time. Very bullish indicator for stocks and the old yield theme.
