Inflation has barely been within the Governor Philip Lowe's target band his entire time in office. Zero inflation means he should cut now, before the election.
Subdued growth and deflation are behind the Reserve Bank's unusual Budget day interest rate cut, says Tim Harcourt, the J.W. Nevile Fellow in Economics at UNSW.
The Australian economy exceeds expectations, while China continues to worry. RBA Governor Glenn Stevens has reason to smile, Janet Yellen less so, writes Richard Holden.