More on the RBA minutes (Feb meeting) - hurdle to cut is higher

Reserve Bank of Australia February policy meeting minutes were out yesterday:

• RBA February meeting minutes - extended period of low rates required)

Earlier:

• Westpac on the RBA Feb meeting minutes, still calling an April rate cut but cautious on further RBA dithering

A quick snippet from RBZ overnight:

• contained limited new news
• key message remains largely unchanged - an easing bias is firmly intact but the hurdle to cut further has lifted amid a central bank that currently sees greater costs from further cuts than benefits
• While we expect this risk/reward assessment to change as the year unfolds, the onus is on the data to weaken to shift this judgement