From the SoMP: "In discussing the policy........>

RBA: From the SoMP: "In discussing the policy decision in October, the Board was

mindful that rates were already very low and that each further cut brings closer

the point at which other policy options might come into play. It also took into

account the possibility that further easing could unintentionally convey an

overly negative view of the economic outlook, or that the usual channels of

policy transmission might be less effective at low interest rates. That said,

the Board still assessed that lower rates would support the economy via a lower

exchange rate, higher asset prices and a boost to aggregate household disposable

income. Accordingly, it reduced the cash rate at the October meeting, to 0.75

per cent."