- Further effects of previous interest rate cuts yet to be observed
- Australia economy growing around trend pace in recent months
- Weaker mining sentiment … more modest mining investment growth
- Gradual recovery in both dwelling and other business investment
- US economy continued to expand at a moderate pace
- Chinese growth may have stabilised
- Noted AUD remained high
- Euro area crisis remained a downside risk for global growth; risk elsewhere more balanced
Doesn’t look to me to be the stuff a December rate cut is made of.
