While we await the BOJ, this from Bloomberg on the Reserve Bank of Australia's new Governor Lowe

  • After two days in office, the bond market is signaling Reserve Bank of Australia Governor Philip Lowe is likely to preside over the end of his country's longest monetary easing cycle

Australia's economy is benefiting:

  • after commodity exports surged 30 percent from a trough this year
  • and from unprecedentedly low interest rates

the RBA said in minutes of the Sept. 6 meeting.

Su-Lin Ong of Royal Bank of Canada in Sydney:

  • "Given where rates are, the case to cut further has to be pretty compelling and when the data is mixed on the activity front it is clearly not a compelling case,"

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Dunno about a turn in sight, but for me the RBA is on hold for now and for some time to come.