UBS on the RBA - on hold ... but what they are watching to prompt further easing

We got the RBA September monetary policy announcement yesterday

A UBS note to clients on the wake of the announcement points out the implications for policy ahead (bolding is mine):

• The policy outlook also remained a generic 'data-watching' view ... "Further information on economic & financial conditions ...over the period ahead will inform the ...outlook and hence whether the current stance of policy will most effectively foster sustainable growth and inflation"
• The RBA are signalling they are on hold ahead, as is our base case
• However, given the unfolding capex cliff, there is still some chance that higher unemployment or lower core CPI could give them room to ease again.

Makes sense.

Today we get GDP data from Australia .... preview here: Australian Q2 GDP - preview. Is the 0.4% consensus estimate still valid?