WSJ says RBA will not cut the cash rate at the October meeting

Reserve Bank of Australia opinions flying about, these from earlier:

• Westpac are tipping a cut: Westpac forecasting an RBA rate cut on October 6
• NAB are also, but say October or November: NAB expects further RBA easing as soon as the first week of October
• CBA are a no: CBA is forecasting the RBA on hold at the next meeting

A piece now from the Wall Street Journal (may be gated), a 'no cut'. In brief:

• Bank remains watchful of the economy
• is primed to lend more support if needed
• but it is unlikely that there will be a pyrotechnic policy announcement at the bank's next board meeting on Oct. 6.

Also this:

• Australian RBA watcher Terry McCrann in the local press yesterday said there is no good reason for the RBA to make such an - essentially symbolic or 'tidying up' - cut.