Pushes back against near term cuts AUD quite likely to be lower in a year vs now 0.75 in AUD/USD is better that 0.85 (NSS) Says official rate cuts need to be delivered in a way that boosts confidence rather than remind people of the economy’s woes Drop to $60 in oil is bullish for the global economy Speaking in the AFR AUD/USD has tanked on the bold headline more than anything and he clarifies the first comment about near term rates by saying that jobs and inflation were roughly where the central bank expected them to be. (full story)