Comments from Australian broker Commsec on the Reserve Bank of Australia December meeting Minutes

Bolding is mine:

  • No significant surprise in views
  • Board Members were slightly more upbeat on the prospects for the Australian economy
  • Continued to reiterate firmer growth over the next two years
  • No doubt the weaker Australian dollar is supporting a rebalancing and helping to offset the weakness in mining investment
  • The more upbeat view came ahead of the stronger employment numbers
  • If the anticipated lift in activity does not take place, then this could prompt the Board to assess the need for more stimulus

Commsec outlook for the RBA:

  • CommSec expects no change to interest rate settings in 2016, although the risks lie with another rate cut given the low inflation outcomes


I reckon further rate cuts are a long way off, if at all. We'll see how 2016 develops, but from here; rate cuts? Nope.