rba cut - 1% , page-16

"2.75% in three consecutive meetings is pretty dam big"

The worlds economies are heading for the scrap heap. Rates are going to 3%, so lets not waste valuable time getting there. The RBA went to far lifting rates - the last 3 rate rises occured while the mess in the USA was unfolding. They should have been more patient, and now they are messing around with small cuts when the economy needs an adrenalin shot.