Jordan Eliseo

couldn't agree more with Charlie there. if the RBA don't cut they're going to have to most dovish of language. All the risk is to the upside (unless they cut 50bps of course), which they won't

James Marlay

For what it is worth I am expecting no cut but but as you say Jordan the language will leave the door open for a cut in March. I think the RBA will want to give lower currency and lower petrol prices sometime to work through the economy. Reporting season outlook commentary (in Feb) could well provide some insights.