Australian business confidence falls to lows last seen in July 2013: Joining myself and several others in calling for additional monetary policy easing in Q1 2015, the NAB economics team had this to say: 'Softer commodities and labour market outlook mean we have changed our rate call to two cuts of 25 bp in March and August 2015, then on hold until late 2016. GDP forecasts cut reflecting weaker history and terms of trade: 2014/15 2.5% (was 2.9%); 2015/16 3.0% (was 3.2%). Unemployment rate now to peak at around 6¾% (was 6½%).' (VIEW LINK)