Not much is the short answer. Governor Glenn Stevens spoke yesterday at the Credit Suisse Asian investment Forum and he had nothing new to say on the subject of interest rates. The RBA remains quite bullish on the medium term prospects for the Australian economy so any rate cuts will probably be due to global factors. China looks set for a soft landing, the US economy is picking up and Europe seems somehow to be muddling through its problems meaning that global reasons for a rate cut are receding.
Most analysts seem to expect some very uneventful minutes with another 25bps rate cut some later in 2012 still on the cards.
