Minutes of the December 4, 2012 monetary policy board meeting are to be released at 0030GMT today. Watch these for clues about how the decision to cut rates was reached (key indicators considered etc.) and also for guidance, or at least clues, about the likelihood of further cuts to come (or not).
Most analysts are calling for further rate cuts in 2013 – yesterday ANZ called for a further 100bps in cuts over the course of next year.
