Further comments by RBA governor, Philip Lowe
- Transmission of prior rate cuts working "reasonably well"
- Lower exchange rate is part of that and there are more cash to households as well
He certainly doesn't sound like someone who is in a hurry to cut rates by another 25 bps again. I think this should rest the case of whether we will see one next week but one in December will still be up in the air as the outlook rests on a multitude of factors.
