Luci Ellis, Assistant Governor (Economic) at the Reserve Bank of Australia spoke earlier, post here:
Q&A following now, comments from Ellis:
- RBA does not move in lockstep with other central banks on rates
- Will take fiscal policy into account when setting rates
(this should be read in context of an expected tax cut being announced by the government budget in April … election coming in May so its a tax cut is pretty much on track to sweeten up the voters).